HomeMy WebLinkAboutDocumentation_Regular_Tab 11_09/13/2007VILLAGE OF TEQUESTA
MEETING AGENDA ROUTING SHEET
MEETING DATE: September 13, 2007
REQUESTED ACTIONlSUMMARY: Use $12.50 reimbursement funds of $66,360.00 to pay
down related debt
RESOLUTION OR ORDINANCE NUMBER: Res # 63-06/07
ORIGINATING DEPARTMENT: Finance Department
FUNDING SOURCE: Current Budget
ACCOUNT NUMBER: 001-001-171-351.250 , "$12.50 Traffic Violation Funds"
OO1-700-581.714, "Principal - PD 800mghz Radios"
CURRENT BUDGETED AMOUNT AVAILABLE:
"$12.50 Traffic Violation Funds"- $0.00
"Principal - PD 800mghz Radios - $25,500.00
BUDGET TRANSFER REQUIRED: No
APPROPRIATE FUND BALANCE: No
APPROVALS:
DEPARTMENT HEAD: JoAnn Fors~he
FINANCE DIRECTOR:
VILLAGE MANAGER ~-~~ " r ~
VILLAGE MANAGER RECOMMENDATION:
APPROVE ITEM: C~
DENY ITEM: ^
VILLAGE ATTORNEY: APPROVED FOR LEGAL SUFFICIENCY
^ Yes X No
^ Not Applicable (n/a)
MEMORANDUM
FIN:~NCE DF..P_1RT~IEN7
DATE: AUGUST 31, 2007
TO: MICHAEL COUZZO, VILLAGE MANAGER
CC: LORI MCWILLIAMS, VILLAGE CLERK
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: RESOLUTION 63- 06/07 -INCREASE REVENUES AND EXPENDITURES IN
THE GENERAL FUND #001 TO RECOGNIZE REVENUE FROM $12.50
FUNDS
Please add the attached agenda item to the September 13, 2007 Regular Meeting of the Village Council.
This item is a requesting that we increase the General Fund 2007 Budget to recognize revenues received from
$12.50 funds for the Police radio communication system and use the additional revenues to pay down the loan
the Village procured to purchase the radios.
After the Village procured debt to purchase the Police radio communication system in the amount of
$136,789, the Village applied for and received $12.50 funds in the amount of $66,360.00 to be applied to the
purchase of the system. This resolution requests that the Village use the funds received from 12.50 funds to
pay down the loan on the radios.
8/31/072:37 PM
RESOLUTION NO. 63-06/07
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AND AMENpING THE
2006/2007 GENERAL FUND #001 BUDGET $66,360.00 BY
INCREASING REVENUES IN "$12.50 TRAFFIC VIOLATION FUNDS
ACCOUNT #001-171-351.250 AND INCREASING EXPENDITURES IN
"DEBT SERVICE, PRINCIPAL, PD 800 MGHZ RADIOS" ACCOUNT
#001-700-571.714 IN THIS AMOUNT, AND AUTHORIZING THE VILLAGE
MANAGER TO PROCEED ON BEHALF OF THE VILLAGE.
WHEREAS, the Village of Tequesta received $66,360.00 $12.50 funds from
moving traffic violations, and
WHEREAS, These funds were requested to be used for the Village's mobile data
system, and
WHEREAS, the Village of Tequesta acquired debt to pay for this system and
desires to use these funds to pay down the principal on this debt;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF TEQUESTA, PALM
BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. A resolution accepting amending the 2006/2007 General Fund #001
budget $66,360.00 by increasing revenue account # 001-171-361.250 "$12.50 Traffic
Violation Funds, and increasing expenditures in account # 001-700-571.714, `Principal, PD
800mghz Radios", and authorizing the Village Manager to proceed on behalf of the Village,
is hereby approved.
The foregoing Resolution was offered by
its adoption. The motion was seconded by _
being put to a vote, the vote was as follows:
who moved
_, and upon
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