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HomeMy WebLinkAboutOrdinance_602_09/15/2005• ORDINANCE N0.602 AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, PROVIDING FOR THE ADOPTION OF THE BUDGETS FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2005. • WHEREAS, it is necessary for the Village to adopt the budgets for this fiscal year commencing October 1, 2005; and WHEREAS, the Village of Tequesta, Palm Beach County, Florida held two public hearings as required by Florida Statute 200.065; and WHEREAS, the Village of Tequesta of Palm Beach County, Florida, set forth the appropriations and revenue estimate for the Budget for Fiscal year 2006 in the amount of $19,997,179.00. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FL4IIIDA AS FOLLOWS: SECTION 1.: The budgets for the Fiscal Year commencing October 1, 2005, attached hereto and marked "Exhibit A" and made a part of this Ordinance are hereby adopted. SECTION 2.: The Village Manager is hereby authorized to execute "Infra-fund" budget transfers within the line item appropriations of individual Village Fund Budgets, in accordance with the procedures of the Village Council That separate transfers in excess of $5,000.00 are to be submitted, for information to the Village Council through the Consent Agenda. The Finance Director through the Village Manager will advise the Village Council at any time that additional reserves are required that will ultimately result in the original budget being exceeded. SECTION 3.: The Village Council has elected to review the budget as provided by the Village Manager and the Finance Department, at their first regularly scheduled meeting in April, or more frequently as needed. SECTION 4.: Effective Date. This Ordinance shall take effect immediately upon its passage and approval. L J THE FORGOING ORDINANCE was offered by Vice Mayor Watkins, who moved its adoption. The ordinance was seconded by Council Member Paterno, and upon being put to a vote the vote was as follows: FOR ADOPTION AGAINST ADOPTION • Jim Humpage X Pat Watkins X Geraldine A. Genco X Tom Paterno X Edward D. Resnik ABSENT The Mayor thereupon declared the Ordinance duly passed and adopted this 15`r' day of September, A.D., 2005. ~~~~rrrrr---- .~~~~~,~ ~ F T F ~~~~~i ATTEST: ~' (~' _ ~ - : SEAL :D-_ _. OR ATE - ~,~~ p Q' C~'L ~ POR ` :~Y GNE 4 19y ~`O ``` Gwen Carlisle ~ '°%•~F ` O ~~ Village Clerk `~i~~--OF'F~`,,~P ~ •