HomeMy WebLinkAboutDocumentation_Regular_Tab 04M_12/09/2004 �[ �
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RESOLUTION N0.19-04/05
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA AUTHORIZING THE CLOSING OF FUND #415
COMMUNITY DEVELOPMENT AND AUTHORIZING THE TRANSFER OF
REMAINING CASH AND INVESTMENTS FROM FUND #415
COMMUNITY DEVELOPMENT TO GENERAL FUND #001 AND
AUTHORIZING THE TRANSFER OF OTHER REMAIAiING ASSETS,
LIABILITIES AND EQUITY OF FUND #415 COMMUNITY
DEVELOPMENT TO PROPERLY SHOW SUCH ASSETS, LIABILITIES
AND EQUITY GOING FROM A BUSINESS TYPE ACTIVITY TO A
GOVERNMENT TYPE ACTIVITY WITHIN THE VILLAGE OF
TEQUESTA.
WHEREAS, all departments formerly accounted for in
Community Developments Fund #415 are accounted for in
General Fund #001 in the current year, and
WHEREAS, the Village Council of the Village of
Tequesta has budgeted all revenues and expenditures
formerly budgeted in Community Development Fund #415
in General Fund #001 in the current budget year 2004-
2005, and
WHEREAS, there are remaining Assets, Liability and
Equity remaining in Community Development Fund #415
at 10/Ol/2004, and
WHEREAS, remaining cash and investments will be
transferred to Gen.eral Fund #001 and other remaining
assets, liabilities and equity will be transferred to
properly show such assets, liabilities and equity
going from a business-type activity to a government-
type activity within the Village of Tequesta, and
WHEREAS, this transfer will be effective at October
1, 2004,
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF
TEQUE5TA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. The request for authorization to close
Community Development Fund #415 and transfer remaining
cash and investments to General Fund #001 and transfer
all other remaining assets, liabilities and equity to
properly show such assets, liabilities and equity going
from a business-type activity to a government-type
activity within the Village of Tequesta - is hereby
approved.
The Mayor thereupon declared the Resolution duly passed and adopted this 18�' day of
November, A.D., 2004.
Pat Watkins, Mayor
Gwen E. Carlisle, Village Clerk