HomeMy WebLinkAboutDocumentation_Regular_Tab 01_02/16/2006 VILLAGE OF TEQUESTA
MEETING AGENDA ROUTING SHEET
MEETIlVG DATE: 2/16/2006
REQUESTED ACTION Approve approDriatin� $350 ,400 from General fund #001
and transferrin� $350,000 to the Capital Improvement fund #301 to pav for
Tepuesta Bridge renairs and imnrovements;
COVER MEMO ATTACHED: NO
CONSENT AGENDA OR REGULAR. AGENDA:
RESOLUTION OR ORDINANCE NUMBER: 59-05/06
ORIGINATING DEPARTMENT: Finance
DEPARTMENT HEAD APPROVAL:
FUNDING S4URCE: 2005/2006 BUDGET
CURRENT BUDGETED AMOUNT AVAII.ABLE: $0
AMOiJNT OF THIS ITEM: $350,000.00
BUDGETED: NO
BUDGET TRANSFER REQUIRED YES. $350,000 transferred from General Fund #001
To Capital Improvement Fund #301
APPBOPRIATE FUND BALANCE: Yes
SUMMARY:
♦ The Village of Tequesta seeks to fund repair and improvements of the
Tequesta Bridge with available unreserved Fund Balance.
♦ Capital improvements are accounted for in the Capital Improvement
Fund #301, however, this fund does not have adequate funds available to
fund this project necessitating a transfer of funds from the General fund
#001 to the Capital Improvement fund #301
APPROVALS:
�_ � . �� .
FINANCE DIRECTOR _�� .� � � � , � - �,
VILLAGE MANAGER �
VILLAGE ATTORNEY (if Needed) Yes No
PLEASE RETURN TO VILLAGE CLERK TO PLACE ON THE AGENDA
• i
RESOLUTION NO. 59 -05/06 �
;
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
OF TEQUESTA, PALM BEACH GOUNTY, FLORIDA,
APPROPRIATING UNRESERVED FUND BALANCE IN THE
GENERAL FUND #001 AND THE CAPITAL IMPROVEMENT FUND
#301,IN THE AMOUNT OF $350,000.00; AUTHORIZING THE
TRANSFER OF $350,000.000 FROM THE QENERAL FUND TO
THE CAPITAL IMPROVEMENT FUND; AND INCREASING THE
2005-2006 BUDGET IN THF CAPITAL IMPROVEMENT FUND
#301, ACCOUNT #301-900-381.001 "TRANSFER IN FROM
GENERAL FUND AND ACCOUNT #301-337-653.605 "BRIDGE
IMPROVEMENTS" IN THE AMOUNT OF $350,000.00 AND
AUTHORIZING THE VILLAGE MANAGER TO PROCEED ON
BEHA.LF OF THE VIL7�AGE .
WHEREAS, the Village of Tequesta seeks to �
appropriate undesignated Fund Balance to pay for
Tequesta bridge repairs and improvemen�s and;
WHEREAS, the cost of repairs and improvements are
estimated not to exceed $350,000.00 and;
WHEREAS, this project was not budgeted in the
2005/2006 Budget and;
WHEREAS, the Capital Improvement Fund #301 does not
have adequate unreserved Fund Balance available to
fund this project and; ,
WHEREAS, the Village of Tequesta seeks to transfer
available unreserved Fund Balance from General fund
#001 to Capital Improvement fund #301 to fund the
proj ect; .
WHEREAS, the Village of Tequesta seeks to track all
expenditures related to the Tequesta bridge project -
in a separate department;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL
OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,
AS FOLLOW:
SECTION 1: A Resolution appropriating available
unreserved Fund Balance in General Fund #001 and
� Capital Improvement Fund #301, increasing the 2005/2006
General Fund #001 budget and Capital Improvement Fund
#301 budget by $350,000.00; and authorizing a transfer �
of $350,000.00 from General Fund #001 to Capital
Improvement �'und 301; and allocating $350,000.00 to the
Tequesta Bridge Project, account #301-337-653.605,
"Bridge Improvements", and authorizing the. Village
Manager to proceed on behalf of the Village. y
� � � � � i
THE FOREGOING RESOLUTION WAS OFFERED by Councilmember
, who moved its adoption. The
motion � was seconded by Councilmember
, and upon being put to a vote, the
� vote was as follow�:
FOR ADOPTION AGAINST ADOPTION
The Mayor thereupon declared the Resolution duly passed
and adopted this day of , A.D, 20Q�.
MAYOR OF TEQUESTA
' James Humpage
ATTEST: "
Gwen Caxlisle
Village Clerk