Fort Walton Beach Resolution — 07-07-Budget Amendment-Decrease Revenues — reading text

RESOLUTION NO. 07-07 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 EFFECTIVE 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 City of Fort Walton Beach has been advised by the Florida Department of Revenue that current fiscal year Communications Services Tax (CST) revenues will be reduced by $825,000. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: 1. Decrease General Fund revenues and expenditures by $722,982 from $19,617,698 to $18,894,716, with $-825,000 from CST revenue and $102,018 from undesignated fund balance. 2. This resolution shall take effect immediately upon approval by the City Council and signature by the Mayor. ADOPTED: W MAYOR: 4 MIKE ANDERSON ATTEST: HELEN SPENCER, CITY CLERK DISPOSITION EAM! Approved as to form and legal sufficiency: Jdbne AGS TONI L. CRAIG, CITY ATTORBY