HomeMy WebLinkAboutDocumentation_Regular_Tab 15_09/13/2007VILLAGE OF TEQUESTA
MEETING AGENDA ROUTING SHEET
MEETING DATE: September 13, 2007
REQUESTED ACTION/SUMMARY: Request increase in General Fund to recognize additional
revenues received from Tropic Vista assessments and use the additional revenue to pay down the
principal on the related loan.
RESOLUTION OR ORDINANCE NUMBER: Res # 77-06/07
ORIGINATING DEPARTMENT: Finance Department
FUNDING SOURCE: Current Budget
ACCOUNT NUMBER: 001-000-312.510
001-000-312.520
001- l 71-522.110
001-192.522.1 l 0
CURRENT BUDGETED AMOUNT AVAILABLE: $0.00
BUDGET TRANSFER REQUIRED: No
APPROPRIATE FUND BALANCE: No
APPROVALS:
DEPARTMENT HEAD: JoAnn Forsythe
FINANCE DIRECTOR: JoAnn Forsythe
VILLAGE MANAGER: ~ ~'~ ~4~~-`-'--'
VILLAGE MANAGER RECOMMENDATION:
APPROVE ITEM: ^
DENY ITEM: ^
VILLAGE ATTORNEY: APPROVED FOR LEGAL SUFFICIENCY
^ Yes X No
^ Not Applicable (n/a)
MEM0I~ANDUM
DATE: AUGUST 31, 2007
TO: MICHAEL COUZZO, VILLAGE MANAGER
CC: LORI MCWILLIAMS, VILLAGE CLERK
FROM: JOANN FORSYTHE, FINANCE DIRECTOR
RE: AGENDA ITEM -INCREASE REVENUES AND EXPENDITURES IN THE
GENERAL FUND #001 BUDGET TO RECOGNIZE DONATIONS
RECEIVED FOR TEQUESTA'S GOLDEN TRIBUTE
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 additional revenues
received from Tropic Vista assessments and use the additional revenue to pay down the principal on the
related loan.
8/31/072:33 PM
RESOLUTION NO. 77-06/07
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, AMENDING AND
INCREASING THE 2006/2007 WATER UTILITY #401 BUDGET BY
INCREASING REVENUES IN ACCOUNT # 401-000-363.101,
"INTERLOCAL-MARTIN COUNTY/TROPIC VISTA" IN THE AMOUNT OF
$7,950.43 AND INCREASING EXPENDITURE ACCOUNT # 401-700-
571.705, "PRINCIPAL - 2004 WATER NOTES PAYABLE WITH BANK OF
AMERICA" IN THE AMOUNT OF $7,950.43
WHEREAS, the Village of Tequesta has received additional assessment revenue
from Martin County residents (Tropic Vista) related to the cost of extending water lines and
supplying water to these water customers; and
WHEREAS, The Village of Tequesta desires to use the additional revenue to pay
additional principal on the debt associated with the above mentioned cost; and
WHEREAS, approving this resolution will increase the current 2006/2007 Budget by
$7,950.43; and
WHEREAS, approving this resolution will NOT affect Fund Balance,
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF TEQUESTA, PALM
BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. The amendment increasing the 2006/2007 Water Utility Budget in the
amount of $7,950.43, by increasing budgeted revenues and expenditures and authorizing
the Village Manager to proceed on behalf of the Village is hereby approved.
Section 2 This Resolution shall become effective immediately upon passage.
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