Fort Walton Beach Resolution — 07-14-Budget Amendment #3 — reading text

RESOLUTION NO. 07- 14 A RESOLUTION AMENDING THE BUDGET FOR THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE FISCAL YEAR OCTOBER 1, 2006 THROUGH SEPTEMBER 30, 2007 MAKING CERTAIN AMENDMENTS TO DESIGNATED APPROPRIATIONS OF FUNDS OF THE CITY, AND PROVIDING AN EFFECTIVE DATE HEREOF. WHEREAS, the City of Fort Walton Beach adopted Ordinance 1711 on September 20, 2006, on second reading, entitled AN ORDINANCE OF THE CITY OF FORT WALTON BEACH MAKING APPROPRIATIONS FOR CERTAIN EXPENDITURES, EXPENSES, CAPITAL IMPROVEMENTS AND CERTAIN INDEBTEDNESS OF THE CITY OF FORT WALTON BEACH, FLORIDA, FOR THE YEAR BEGINNING OCTOBER 1, 2006, AND ENDING SEPTEMBER 30, 2007, AND PROVIDING AN EFFECTNE DATE; and WHEREAS, Sections 5 and 6 of Ordinance 1711 permit amendments to the Budget by Resolution with identification of expenditures and revenues; and WHEREAS, the Budget has been evaluated and adjustments are necessary to reflect unanticipated activities. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: l. Increase General Fund revenues and expenditures by $ 395, 297 from $ 18, 995, 986 to 19,391, 283, with $ 18, 779 from grant revenue, $ 56,408 from donation & reimbursement revenue, $ 3, 924 from interfund transfer revenue, $ 31, 665 from designated fund balance, and 284, 521 from undesignated fund balance. 2. Increase Law Enforcement Trust Fund revenue and expenditures by $ 10,972 from $ 56, 721 to 67, 693, with $ 10,407 from grant revenue and $ 565 from donation revenue. 3. Increase Utilities Fund revenues and expenses by $ 189, 770 from $ 7, 892, 282 to $ 8, 082, 052, with $44, 070 from grant revenue and $ 145, 700 from unrestricted net assets. 4. This resolution shall take effect immediately upon approval by the City Council and signature by the Mayor. D~~ ATTEST: MIKE C'~ERSON IA< M-- HELEN SPE CER, CITY CLERK Approved as to form and legal sufficiency: DISPOSITION J;N1(A,.". . I L. cA~ IG, CITY A TTORNE