HomeMy WebLinkAboutDocumentation_Special Meeting_Tab 02_12/29/2014 Print Form
�, VILLAGE CLERK'S OFFICE
AGENDA ITEM ROUTING SHEET ��
Meeting Date: Meeting Type: Special Ordinance #:
Dec 29, 2014 Consent Agenda: No Resolution #: 39-14
Originating Department: Police
� • • • • • - : - • • -�•
Reduce the budget in the 2014/2015 Special Law Enforcement Fund #605 by $325,040.00
.
Account #: 605 ' Amount of this item: $325,Q40.00
Budgeted amount available: Yes Amount remaining after item:
Budget transfer required: No Appropriate Fund Balance:
• •- .• . .- • . . ..- •.
Reduce the Special Law Enforcement Fund #605 by $325,040.00, this fund will not be used to purchase police
vehicles.
•
Department Head
Legal (for legal sufficiency)
Finance Director or Representative
Reviewed for Financial Sufficiency [,� �� ��`�
r c.._.'
No Financial Impact �
�
Village Manager:
Submit for Council Discussion: � � � Irn �,
Approve Item: ❑
Deny Item: ❑
• • - . . - .. -- - . -. .- - . .- -
.- . .. - . . -. . . . _ - . - - - . -
Form Amended: 10/30/14
.
_ -- - _ - -- - — -
, �.�
- , ,,-;:
{ ` , - _ _ ; : . . i�.�Q.��L �'� �J� ` ,, �
, � r �: � .T
' - .'� , i :',, ; � .
,r.,
�` __ .
,
, � .,: , . _ �. ...:
, , , �.;=
. - ..�:-_,.. r.. - - "- i.,:
..; ._�_!:''
,
,._. .�. -�; ._ ....�.._,:, ,.._ —__,�. — - ------- ,s _.. -- —
., —:�=- —
� �,
_
FTI�;IINCE DEP �R'TN�NT
DATE: DECEMBER 23, 2014
TO: MICHAEL R COUZZO, VII..LAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIItECTOR
RE: AMENDING THE 2015 BUDGETS IN THE GENERAL FUND #001 AND THE
LAW ENFORCEMENT TRUST FUND #605 TO FUND THE PURCHASE OF
POLICE VEffiCLES
At the December 29, 2014 Specia.l Meeting of the Village Council, three agenda items related to
the purchase of 7 police vehicles through a lease purchase agreement will be brought before the
Village Council for approval. The first two agenda items address the issue of the
funding/budgeting of the lease/purchase of the PD vehicles. This purchase was originally
budgeted in the Special Law Enforcement Trust Fund #605 and the Village Manager has
determined that it is to be funded out of the General Fund #001. Therefore, the first resolution
reduces the budget in the Special Law Enforcement Trust and the second resolution increases the
budget in the General Fund.
Additionally, in this circumstance there are five accounts affected. First, the Village is required to
record the fair value of the vehicles at the inception of the lease which is the present value of the
minimum lease payments. The amount is budgeted/funded in `Capital Lease at Inception' and
`Capita.l — Vehicles'. Second, the current year's lease payments are budgetedlfunded in `Principal
— 2015 PD Vehicles' and Interest — 2015 PD Vehicles'. Finally, the debt service amount is funded
by increasing `Appropriate Fund Balance'.
12/23/1410:39 AM
�� q', TEQUESTA POLICE DEPARTMENT - i
i�i
ouc� ` A/�MORANDIJM
`
To: Michael R. �ouao, Jr.
„
From: Christopher L. Elg �
Date: December 19, 2014
Subject: S�ectal Law Enforcem�M Trust Fund
�►ttac�ed #or you� cor�sid��a#�on is an agenda it�m #or #h€ Sp�cial Cour�ci! Mle�ting on D�c�mb�r
29, 2�14; a request to reduce the Special Law Enforcem@nt Trust Fund #605 by �325,040.00.
I resp��#fully requ�st that Cq�ncil approve Resolution No. 39-14.
RESUI,LTTION NO. 3�-14
A AESOLUTION OF TI� VII,LAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH CQUNTY, FLQRIDA, REDUCING THE BU�GET
IN THE 2014/20i5 SPECIAL LAW ENFORCEMENT FUND #fi05 BY $325,U40.00
AND AUTHaRtZING THE VII.,LA�E MAI�TAGER TO PROeEED IN
ACCORDANC� WITH THE VIl,LAGE'S ADOPTED PROC�DURES; PROVIDING FOR
SEVERABILITY; PROVIDING AN EFFECTIVE UATE; AND FOR OTHER F'URPOSES.
WHEREAS, the Village of Tequesta. will not be using funds in the Special I.aw Enforc�ment
Fund #605 to purchase police vehicles in the current budget year; and
�REAS, The - funding for 13�e poiice vehicles were budgeted in �thhe follo�ving accounts
and will t� d�cre�d as follows;
Capital Lease at Inception 605-910 383.100 De�r� $240�000.00
Appropriate Fund Balance 605-990-399.999 Decrease 85,040.00
Vehicles 605-175-664.602 Decrease 240,000.00
Principal— 2015 PD Vehicles 60�-'�00-��1.�10 Decrease �6,830.00
Interest — 2015 PD Vehicles 605-740-572.710 Decrease 8,210.00
NOW, TI�REFORE, BE IT RESOLVED BY THE VII.,LtAGE COUNCIL OF 'TI-� VII,L�GE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
SECTIOi�T 1: �e Viiiage Council of the Viliage of Tequesta, Florida, kereby approves decreasing the
Special Law Enforcement Fund #605 2014/2015 Budget by $325,040.OU.
SECTION 2: T`his resolution shall become effective immediately upon passage.