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HomeMy WebLinkAboutDocumentation_Special Meeting_Tab 03_09/04/2007VILLAGE OF TEQUESTA MEETING AGENDA ROUTING SHEET MEETING DATE: September 4, 2007 REQUESTED ACTION/SUMMARY: Adopt the budgets of the Village of Tequesta for the fiscal year commencing October 1, 2007. RESOLUTION OR ORDINANCE NUMBER: Ordinance 618 ORIGINATING DEPARTMENT: Finance FUNDING SOURCE: 2007/2008 BUDGET APPROPRIATE FUND BALANCE: Yes, in fiscal year ending September 30, 2008 APPROVALS: DEPARTMENT HEAD JoAnn Forsythe FINANCE DIRECTOR JoAnn Forsythe VILLAGE MANAGER VILLAGE MANAGER RECOMMENDATION: APPROVE DENY VILLAGE ATTORNEY: APPROVED FOR LEGAL SUFFICIENCY YES NO NOT APPLICABLE (N/A) MEMORANDUM DATE: AUGUST 31, 2007 TO: MICHAEL COUZZO, VILLAGE MANAGER CC: LORI MCWILLIAMS, VILLAGE CLERK FROM: JOANN FORSYTHE, FINANCE DIRECTOR RE: BUDGET ORDINANCE 618 ADOPTING BUDGETS FOR FISCAL YEAR COMMENCING OCTOBER 1, 2007 Please add the attached agenda item to the September 4, 2007 Meeting of the Village Council. This is an ordinance providing for the adoption of the budgets for the fiscal year beginning October 1,2007 in accordance with TRIM requirements. 8/31/074:26 PM ORDINANCE NO. 618 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, 2007. WHEREAS, it is necessary for the Village to adopt the budgets for this fiscal year commencing October 1, 2007; 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 2008 in the amount of $15,209,232. NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA AS FOLLOWS: SECTION 1.: The budgets for the Fiscal Year commencing October 1, 2007, 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 "Intra-fund" budget transfers within the line item appropriations of individual Village Fund Budgets, in accordance with the procedures of the Village Council. 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. The foregoing Resolution was offered by ,who moved its adoption. The motion was seconded by , and upon being put to a vote, the vote was as follows: For Adoption Against Adoption Mayor Jim Humpage Vice-Mayor Pat Watkins Council Member Dan Amero Council Member Tom Paterno Council Member Calvin Turnquest The Mayor thereupon declared the Resolution duly passed and adopted this day of , 2007. MAYOR OF TEQUESTA Jim Humpage ATTEST: Lori McWilliams, CMC Village Clerk