HomeMy WebLinkAboutResolution_20-12_09/13/2012 RESOLUTION NO. 20 -12
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING AND INCREASING THE 2011/2012
GENERAL FUND #001 BUDGET $74,175.00 BY INCREASING
REVENUES AND EXPENDITURES IN THE ACCOUNTS LISTED
BELOW AND AUTHORIZING THE VILLAGE MANAGER TO
PROCEED ON BEHALF OF THE VILLAGE PROVIDING FOR
SEVERABILITY; PROVIDING AN EFFECTIVE DATE; AND FOR
OTHER PURPOSES.
REVENUES:
INSURANCE PREMIUM TAX — FIRE $17,708.00
INSURANCE PREMIUM TAX — POLICE 56$ ,467.00
$74,175.00
EXPENDITURES:
OTHER PENSION CONTRIBUTIONS — FIRE $17,708.00
OTHER PENSION CONTRIBUTIONS — POLICE 56� ,467.00
$74,175.00
WHEREAS, according to the Division of Retirement the Village will receive revenues
from insurance premium tax proceeds in the amount of $211,175.00 and will expend
these funds for pension contributions;
WHEREAS, the Village Council budgeted revenues and expenditures resulting from the
receipt of insurance premium taxes in the amount of $137,000.00;
WHEREAS, the funds must be used in accordance with Florida Statutes, Sections 175
and 185 related to the funding of police and firefighter pensions;
WHEREAS, the funds are required to flow - through the General Fund #001;
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. -- amending and increasing the 2011 /2012 General Fund
#001 budget $74,175.00 by increasing revenues and expenditures in the accounts listed
above 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 Council Member D'Ambra 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:
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Lori McWilliams ` ,q mcn
Village Clerk y' p0, F
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