Fort Walton Beach Resolution — 2011-02- Budget Amendments — reading text

RESOLUTION NO. 2011- 2 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, FLORIDA, AMENDING THE FISCAL YEAR OCTOBER 1,2010 THROUGH SEPTEMBER 30, 2011 BUDGET TO MAKE CERTAIN AMENDMENTS TO APPROPRIATIONS OF CITY FUNDS; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOL VED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA, THAT: Section 1. Authoritv Resolution 2010- 33, adopted on September 22, 2010, authorizes amendments to the FY 2010- 11 budget by resolution. Section 2. General Fund Budget Amendment a. The City received a rebate for its Florida League of Cities membership and would like to renew its Florida League of Mayors membership in the amount of $402. b. The City incurred $ 1, 000 to plant five live oak trees at the Beal Cemetery. Therefore, there is appropriated $ 402 from other revenues and $ 1, 000 from interfund transfers increasing the General Fund budget by $ 1, 402 from $ 17, 745, 985 to 17, 747, 387. Section 3. CRA Fund Budget Amendment City Council approved completing the remaInIng phases of the Downtown Streetscape project and completing design and construction of new mast arm signage indicating heavy pedestrian areas downtown on June 22, 2010. Therefore, there is appropriated $ 28, 500 from fund balance increasing the CRA Fund budget by $ 28, 500 from $3, 580,362 to $ 3, 608, 862. Section 4. Utilities Fund Bud~et Amendment. The City incurred $ 3, 914 in expense associated with moving the Alabama Avenue sewerline as the result of a lawsuit settlement. Therefore, there is appropriated $ 3, 914 from unrestricted net assets increasing the Utilities Fund budget by $ 3, 914 from 7, 766, 554 to $ 7, 770,468. Section 5. Beal Memorial Cemetery Fund Bud~ et Amendment TheCity incurred $ 1, 000 to plant five live oak trees at the Beal Cemetery. Therefore, there is appropriated $ 1, 000 from undesignated fund balance increasing the Beal Memorial Cemetery Fund budget by $1, 000 from $42, 600 to $ 43, 600.