HomeMy WebLinkAboutDocumentation_Regular_Tab 14_09/13/2018 �
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Memo
To: Christopher Quirk, Finance Director
From: Michelle Gload,Accounting Manager
Date: Thursday,August 23, 2018
Subject: Legal Fees
The attached resolution appropriates additional funding for legal fees in the Fiscal Year 2017/2018
Budget.As you are aware, legal fees are projected to exceed the current budget allocation of
$160,000.00 by$50,000.00 by fiscal year end September 30, 2018.
RESOLUTION NO. 31-18
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
TEQUESTA, PALM BEACH COUNTY, FLORIDA, INCREASING THE
FISCAL YEAR 2017/2018 GENERAL FUND #001 BUDGET BY
APPROPRIATING FUND BALANCE IN THE AMOUNT OF $50,000.00
TO FUND ADDITIONAL LEGAL FEES; PROVIDING FOR
SEVERABILITY; PROVIDING AN EFFECTIVE DATE, AND FOR
OTHER PURPOSES.
WHEREAS, the Fiscal Year 2017/2018 General Fund #001 Budget includes
$160,000.00 for legal fees; and,
WHEREAS, the Village is projecting that legal fees will exceed the budgeted amount of
$160,000.00 by $50,000.00 by fiscal year end September 30, 2018;
NOW,THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA,PALM BEACH COUNTY, FLORIDA,AS FOLLOWS:
Section 1 Resolution No. 31-18 is hereby approved increasing the Fiscal Year
2017/2018 General Fund #001 Budget by appropriating Fund Balance in the amount of
$50,000.00 to fund additional legal fees; providing for severability; providing an
effective date; and for other purposes.
Section 4 This Resolution shall become effective immediately upon passage.