2012-61 General Fund Budget Amendment Transferring Savings to Capital Projects Reserve Account RESOLUTION 2012-61
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, AMENDING THE ADOPTED GENERAL FUND
BUDGET FOR FISCAL YEAR 2011-2012 TO TRANSFER SAVINGS FROM
VARIOUS GENERAL FUND ACCOUNTS TO THE CAPITAL PROJECTS
RESERVE EXPENSE ACCOUNT TO FUND THE FIVE-YEAR CAPITAL
IMPROVEMENT PLAN; PROVIDING FOR CONFLICTS; AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, the Village Council expressed a desire to transfer anticipated savings from the
Fiscal Year 2011-2012 budget to the Capital Projects Fund in order to continue funding the Five-
Year Capital Improvement Plan(CIP); and
WHEREAS, during its preliminary year-end review, the Finance Department Administration
identified accounts with savings and recommends transferring these savings to the Capital Projects
Reserve Account to provide CIP funding; and
WHEREAS, the Village Council determines that the adoption of a budget amendment to provide for
a transfer to the Capital Projects Fund is in the best interests of the residents and citizens of the
Village of North Palm Beach.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA, as follows:
Section 1. The foregoing recitals are ratified as true and incorporated herein.
Section 2. The Village Council hereby amends the adopted Village of North Palm Beach
General Fund budget for Fiscal Year 2011-2012 as follows:
Budget Amendment:
Sources of Funds: -General Fund
Department/Division Category Use Source
Finance Personnel $ 13,000
Finance Operating $ 5,000 _
General Services Village Hall Operating $ 33,725 _
General Services Village Hall Capital $ 2,275
Library Personnel $ 14,000
Non-Departmental Operating • $101,000
Law Enforcement Personnel $ 93,000
Facility Services Operating $ 58,000 _
Sanitation Operating $ 24,000
Sanitation Personnel $ 26,000
Street Maintenance Personnel $ 47,000
Reserves&Contingencies Reserves&Contingencies $ 47,000
Village Attorney Operating $ 20,000
Village Manager Personnel $ 6,000
Village Manager Operating $ 10,000
A5540-49032 Transfer Out to Capital Projects Fund Transfer out to Capital Projects Fund $500,000
• Total $500,000 $500,000
Uses of Funds: -Capital Projects Fund
K3900-09180 Transfer In from General Fund Transfer in from General Fund $500,000
K5541-66000 Reserve Expenses-Capital General Fund CIP Funding $500,000
Total $500,000 $500,000
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'Section 3. The Mayor and Village Clerk are hereby authorized and directed to execute the
budget amendment for and on behalf of the Village of North Palm Beach.
•
Section 4. All resolutions or parts of resolutions in conflict herewith are hereby repealed to the
extent of such conflict.
Section 5. This resolution shall take effect retroactive to September 30, 2012.
PASSED AND ADOPTED THIS 25th DAY OF OCTOBE' : 2.
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