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HomeMy WebLinkAboutDocumentation_Regular_Tab 16_09/13/2018 ,� F � Memo To: Christopher Quirk, Finance Director From: Michelle Gload,Accounting Manager Date: Thursday,August 23, 2018 Subject: Building Department Budget—FY 2017/2018 The attached resolution appropriates additional funding for the Building Department.As you are aware, this department is projected to exceed the current budget allocation of$458,430.00 by$160,450.00 by fiscal year end September 30, 2018. RESOLUTION NO.33-18 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, INCREASING REVENUES AND EXPENDITURES IN THE GENERAL FUND #001 2017/2018 BUDGET IN THE AMOUNT OF $160,450.00 RECOGNIZING ADDITIONAL BUILDING PERMIT FEE REVENUES AS WELL AS RECOGNIZING ADDITIONAL EXPENDITURES IN THE BUILDING DEPARTMENT AND AUTHORIZING THE VILLAGE MANAGER TO PROCEED IN ACCORDANCE WITH THE VILLAGE'S ADOPTED PROCEDURES; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS,the Fiscal Year 2017/2018 General Fund#001 Budget includes $458,430.00 for Building related expenditures; and, WHEREAS, the Village is projecting that expenditures in the Building Department will exceed the budgeted amount of$458,430.00 by $160,450.00 by fiscal year end September 30, 2018; and, WHEREAS, the Village is projecting to collect additional building permit fees that will cover the additional expenditures in Fiscal Year 2017/2018; NOW,THEREFORE,BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA,AS FOLLOWS: Section 1 Resolution No. 33-18 is hereby approved increasing revenues and expenditures in the General Fund #001 2017/2018 Budget in the amount of$160,450.00 recognizing additional building permit fee revenues as well as recognizing additional expenditures in the Building Department; Section 2 T'his Resolution shall become effective immediately upon passage.