2007-067 Budget Amendment General Employees Pension Plan• RESOLUTION 2007-67
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE
OF NORTH PALM BEACH, FLORIDA, AUTHORIZING AND
DIRECTING THE MAYOR AND VILLAGE CLERK TO AMEND THE
2006-07 BUDGET FOR THE PURPOSE OF TRANSFERRING
$1 13,586.00 FROM THE UNAPPROPRIATED, UNDESIGNATED
FUND BALANCE TO THE INDIVIDUAL DEPARTMENT PENSION
ACCOUNTS TO CORRECT AN UNDER FUNDING OF THE
GENERAL EMPLOYEES PENSION PLAN; PROVIDING FOR
CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, as noted in the Comprehensive Annual Financial Report prepared by the
Village Auditor for the 2005-2006 fiscal year, the Village under funded the General
Employees Pension Plan by $113,586.00 due to a calculation error in arriving at the
employer portion of the cost; and
WHEREAS, the Village Council seeks to transfer money from the Unappropriated,
Undesignated Fund Balance to the individual department pension accounts to fund the
Village's obligation to the General Employees Pension Plan.
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 of the Village of North Palm Beach, Florida, does
hereby approve the budget amendment for transfer of amounts listed below:
Account Descri tion Use Source
General Fund:
A4600-09100 A ro riated Fund Balance $ 113,586
A4902-12210 Villa e Mana er-G/E Pension $ 1,485
A4904-12210 Village Clerk-G/E Pension 3,567
A5003-12210 Finance-G/E Pension 5,264
A5004-12210 Info Technolo y-G/E Pension 2,144
A5005-12210 Human Resources-G/E Pension 1.,910 ~
A5206-12210 , Planr~ir~~-G/E Per~sicr~ , 1,560
A5519-12210 Facilities-G/E Pension 5,123
A5522-12210 Vehicle Maint.-G/E Pension 4,178
A5711-12210 Police-G/E Pension 11,810
A5812-12210 Fire-G/E Pension 1,948
A6018-12210 Public Works-G/E Pension 2,885
A6019-12210 Building-G/E Pension 3,391
•
•
A6020-12210 Code-G/E Pension 1,416
A7020-12210 Sanitation-G/E Pension 17,329
A7321-12210 Street Maint-G/E Pension 11,569
A7927-12210 Library-G/E Pension 6,034
A8023-12210 Parks Maint-G/E Pension 9,524
A8028-12210 Recreation-G/E Pension 8,240
A8051-12210 Pool-G/E Pension 1,077
L8045-12210 Golf Course Maint-G/E Pension 11,060
L8046-12210 Golf Sho -G/E Pension 964
L8059-12210 Clubhouse Grounds-G/E Pension 1,108
Total $ 113,856 $ 113,856
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 5. 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 immediately upon adoption.
PASSED AND ADOPTED THIS 14th DAY OF JUNE, 2007.
Edward M. Eissey
MAYOR
(Village Seal
ATTEST:
Melissa Teal
VILLAGE CLERK