HomeMy WebLinkAboutDocumentation_Special Meeting_Tab 03_12/29/2014 C Print Form
� VILLAGE CLERK'S OFFICE
AGENDA ITEM ROUTING SHEET .�..
Meeting Date: Meeting Type: Special Ordinance #:
Dec 29, 2014 Consent Agenda: No Resolution #: 40-14
Originating Department: Police
�' • • • • - : - • • -�•
Increase the General Fund #001 2014/2015 Budget in the amount of $289,660.00 to fund the purchase of police
vehicles
.
Account #: Mutiple Amount of this item: $289,660.00
Budgeted amount available: N Amount remaining after item: $2gg,660.00
Budget transfer required: Yes Appropriate Fund Balance: Yes
• •- .• . .- . . . ..- ..
Increase the General Fund #001 in the 2014/2015 budget in the amount of $289,660.00 to fund the purchase
of seven (7) police vehicles.
•
Department Head . � ,
Legal (for legal sufficiency)
Finance Director or Representative '
�.����,
Reviewed for Financial Sufficiency Q, �
No Financial Impact �
Village Manager:
Submit for Council Discussion: � �,Q. L,� �p,�
i
Approve Item: ❑ �� �
Deny Item: ❑
• • - . . - _. -- - . -. .- - . .- -
.- . .. - . . -. _ . . _ - . - - � . -
Form Amended: 10/30/14
'�.a� ,�, 1'1 Fr- L ? ecT- i !w r � ' �'i ' rt��tTr c � �, r -, - � 3° �J
��. �7 a s � � � ,L i��� �
E_ '� 7 't� �' k + E r , , �+���i+��C ���� ��� - v'4 � �t + ' t � �
- ' �`— � �,-%� � t - z'r , ,,' � 1..��,_,-u J �r �?, � i - ¢ �-� �if , ' - a �
, , _ � � -� �2 �,# �� � � t � � _� �E� jt .- ��, �••- , - ) - a l k- t - ,e y, L
- �. lry� ` �'^ i 2�- S y +L1Y ' � I
� . _ ' ....�. �>__�-�'`�._��..,�., L.... „�-.,.�. �:,at21 �.�i�.=..1�.�.'.�t *n?Y[.e...iL�..�.1.-`-�'--.L..�....
�
�'+, �=J
^,r' I � ,.t, ;.�.i+
FIN �NCE DEP �RTNLENT
DATE: DECEMBER 23, 2014
TO: NIICHAEL R COUZZO, VII�LAGE MANAGER
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
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 Special 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 origi.nally
budgeted in the Special Law Enforcement Trust Fund #605 and the Village Manager has
determi.ned that it is to be funded out of the General Fund #001. Therefore, the first resolution
reduces the budget in the Special I.aw 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 budgetedlfunded in `Capital Lease at Inception' and
`Capital— Vehicles'. Second, the current year's lease payments are budgeted/funded 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
T \ � \ TEQUESTA POLICE DEPARTMENT �-�
q �i
A �;�� MEMORANDUM
l
To: Michaei R. �ou�o, Jr.
From: Christopher L. Elg ��
Date: December 19, 2014
Subject: Ge�eral Fund
Attach�d for your con�id�ration is an ag@nda it�m for th� Sp€cial Louncil N��et�ng on D�c€mb�r
29, 2014; a request to increas� the G�neral Fund #001 in the 2014/2015 budget in the amount
of $289,660.00 to purchase seven (7) police vehicles.
I respectfully request that Council approve Resolution Wo. 40-14.
RESOLiTTION NO ao-ia
A RESOLUTION OF THE VILLAGE COUNCII. OF THE VII,LAGE OF
TEQUESTA, P�LM BEACH COUNTY, FLORIDA, INCREASING THE
G�Aj FUND #001 2014C1015 BiTDGET IN TH� AMOUNT OF
$289,660.00 TO FUND THE PURCH��E OF PDLICE YEHICLES �1VD
AUTHOR�iNG THE VILLAGE MANAGER TQ PROCEED IN
ACCORDANCE WITH THE VILLAGE'S ADOPTED PROCEDURES; PROVIDING
FOR SEYERABII.ITY; PROVIDIl�iG AN EFFEC°i'iVE DATE; AND FOR OTHER
PURPOSES.
WHEREAS, the Village of Tequesta desires ta fund the purchase of seven ('n police
vehicles in the current General Fund budget year; and
WHEREAS, The funding for the potice v�hioles ar� not currentty budgeted and the
following accounts ne�d to be increased and funded as follows:
Capita.l Lease at Inception 001-910-383.100 Increase $235,000.00
Appropriate Fund Balance 001-990.399.999 Increase $54,660.00
Vehicles 001-175-664.602 Increase $235,000.00
Principal — 2015 PD Vehicles 001-700-571.710 Increase $50,422.00
Interest — 201 S PD Vehicles 001-700-572.710 Increase $4,23 8.00
NO�V, T't�RR�'ORE, �E IT itESOLVED BY THE ViLLAGB COiJNCIL OF Ti�E VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
SECTION 1: The Village Council of the Village of Tequesta, Florida, hereby approves inCreasing the
General Fuad �0012014/2015 Budget by $289,664.00 to �uad the purel�ase o€poliee vehieles.
SECTION 2: This resolution sha11 become effective immediately upon passage.