HomeMy WebLinkAboutResolution_40-10_11/04/2010 RESOLUTION NO 40 -10
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING AND INCREASING THE 2009 -2010
GENERAL FUND #001 BUDGET $209,245 BY INCREASING
REVENUES AND EXPENDITURES IN THE ACCOUNTS LISTED
BELOW AND AUTHORIZING THE VILLAGE MANAGER TO PROCEED
ON BEHALF OF THE VILLAGE AND PROVIDING FOR AN EFFECTIVE
DATE AND FOR OTHER PURPOSES
REVENUES:
INSURANCE PREMIUM TAX -FIRE $149,253
INSURANCE PREMIUM TAX- POLICE $59,992
EXPENDITURES:
OTHER PENSION CONTRIBUTIONS -FIRE $149,253
OTHER PENSION CONTRIBUTIONS - POLICE $59,992
WHEREAS, the Village of Tequesta received unbudgeted revenues from
insurance premium taxes in fiscal year ending 9/30/2010;
WHEREAS, the funds must be used in accordance with Florida Statutes, related
to funding of police and firefighter pensions and deposited into the applicable pension
trusts;
WHEREAS, expenditures related to insurance premium taxes flow through the
General Fund #001 into the Pension Trusts in the form of additional pension
contributions;
WHEREAS, this will not require appropriating Fund Balance.
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 -10 is hereby approved amending and increasing
the 2009 -2010 General Fund #001 budget $209,245.
Section 1 This Resolution shall become effective immediately upon passage.
1
The foregoing Resolution was offered by Council Member Humpage who moved its
adoption. The motion was seconded by Vice -Mayor Paterno and upon being put to a
vote, the vote was as follows:
For Adoption Against Adoption
Mayor Pat Watkins X
Vice -Mayor Tom Paterno X
Council Member Vince Arena X
Council Member Jim Humpage X
Council Member Calvin Turnquest X
The Mayor thereupon declared the Resolution duly passed and adopted this 4 day of
November 2010.
MAYOR OF TEQUESTA
Pat Watkins
ATTEST:
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Lori McWilliams, MMC - INCORPORATED ' a
Village Clerk