HomeMy WebLinkAboutResolution_25-12_09/13/2012 RESOLUTION NO. 25-12
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, FLORIDA, APPROPRIATING FUND
BALANCE AND INCREASING THE WATER UTILITY FUND
#401 2011 -2012 BUDGET IN THE AMOUNT OF $168,504.00 TO
FUND THE PAYMENT OF ADDITIONAL ADMINISTRATIVE
MANAGEMENT FEES AND AUTHORIZING THE VILLAGE
MANAGER TO PROCEED ON BEHALF OF THE VILLAGE,
PROVIDING FOR SEVERABILITY; PROVIDING AN
EFFECTIVE DATE; AND FOR OTHER PURPOSES.
WHEREAS, an analysis performed by Public Resources Management Group, Inc.
identified indirect costs that should be allocated to the Water Utility Fund #401 and paid
to the General Fund #001 as administrative management fees in the amount of
$485,229.00; and
WHEREAS, the current administrative management fees paid to the General Fund #001
is $168,504.00 less than the amount identified in the analysis; and
WHEREAS, the increase in revenues in the General Fund #001 as a result of the increase
in administrative management fees will be used to reduce the amount of appropriate fund
balance required to balance the 2011 -2012 budget in the General Fund;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 25 -12 appropriating Fund Balance and increasing the
Water Utility Fund #401 2011 -2012 Budget in the amount of $168,504.00 to fund
additional water administrative management fees and authorizing the Village Manager to
proceed on behalf of the Village providing for severability; providing and effective date;
and for other purposes is hereby approved,
Section 2 This Resolution shall become effective immediately upon passage.
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The foregoing Resolution was offered by Council Member Okun who moved its adoption. The
motion was seconded by Vice -Mayor Arena and upon being put to a vote, the vote was as
follows:
For Adoption Against Adoption
Mayor Tom Paterno X
Vice -Mayor Vince Arena X
Council Member Abby Brennan X
Council Member Frank D'Ambra X
Council Member Steve Okun X
The Mayor thereupon declared the Resolution duly passed and adopted this 13 day of
September, 2012.
MAYOR OF TEQUESTA
Tom Paterno
ATTEST:
C A
Lori McWilliams, MMC - : ;
Village Clerk
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