HomeMy WebLinkAboutDocumentation_Regular_Tab 10_03/14/2013 ', �� VILLAGE OF TEQUESTA
�, ��"' AGENDA ITEM TRANSMITTAL FORM
1. VILLAGE COUNCIL MEETING:
Meeting Date: Meeting Type: Regular Ordinance #: N/A
03/14/13
Consent Agenda: No Resolution #: 4-13
Originating Department: Council
2. AGENDA ITEM TITLE: (Wording form the SUBJECT line of your staff report)
Amending the Fiscal Year 2013 General Fund #001 and Water Fund #401 budgets to recognize revenue from
FMIT and fund a beautification/branding project.
3. BUDGET / FINANCIAL IMPACT:
Account #: Various Amount of this item: $23,537.00
Current Budgeted Amount Available: Amount Remaining after item:
N/A N/A
Budget Transfer Required: Yes Un-Appropriate Fund Balance: Yes
4. EXECUTIVE SUMMARY OF MAJOR ISSUES: (This is a snap shot description of the agenda item)
Amending the Fiscal Year 2013 General Fund #001 and Water Fund #401 budgets to recognize revenue from
FMIT and fund a beautification/branding project.
5. APPROVALS:
�
Dept. Head: Finance Directonjj Approved
� No Financial Impact
Attorney: (for legal sufficiency) Yes ❑ No ❑
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Village Manager: � ,----��"�--� -'��'—�
• SUBMIT FOR COUNCIL DISCUSSION: ��!
• APPROVE ITEM: ❑
• DENY ITEM: �
RESOLUTION NO. 4-13
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, FLORIDA, AMENDING THE FISCAL YEAR 2013
GENERAL FUND #001 AND WATER FUND #401 BUDGETS TO
RECOGNIZE REVENUE FROM FMIT AND FUND A
BEAUTIFICATION/BRANDING PROJECT PROVIDING FOR
SEVERABILITY; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER
PURPOSES.
WHEREAS, The Village will receive unbudgeted revenue in the amount of
$23,537.00 from FMIT (Florida Municipal Insurance Trust) as a refund of
premium from Fiscal Year 2011/2012;
WHEREAS, The Village Council has directed that $5,000.00 of this revenue is to
be used to fund a beautification/branding project;
WHEREAS, the remaining amount is to be used to deerease Appropriated Fund
Balance;
WHEREAS,
General Fund #001 Debit Credit
Appropriated Fund Balance — Revenue $13,532.36
Beautification and Branding — Expenditure $ 5,000.00
Insurance Reimbursement - Revenue $18,532.36
Water Fund #401;
Appropriated Fund Balance — Revenue $5,004.64
Insurance Reimbursement — Revenue $5,004.64
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1 Resolution No. 4-13 is hereby approved amending the Fiscal Year
2013 General Fund #001 and Water Fund #401 budgets recognizing revenue
from FMIT and funding a beautification/branding project;
Section 2 This Resolution shall become effective immediately upon passage.
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PM1T # 0596 Involce Dete: i130l2013 Due Date: 317l2079 -
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Payrr�ent Recei'ved On 10/312011 ($76.888.25)
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