Loading...
Ordinance 19-2012 Budget ORDINANCE NO. 19-2012 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PALM BEACH, PALM BEACH COUNTY, FLORIDA, PROVIDING FOR AN AMENDMENT TO THE TOWN'S BUDGETS ADOPTED FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2012, PROVIDING AN EFFECTIVE DATE. WHEREAS, it was necessary for the Town of Palm Beach to adopt budgets for the fiscal year commencing October 1, 2012; and WHEREAS, the Town Council of the Town of Palm Beach, Florida, deems it necessary and appropriate to amend said budgets to provide appropriations adequate for the authorization of expenditures necessary for conducting Town operations for the fiscal year ending September 30, 2013; and WHEREAS, the budget amendment is necessary to transfer excess funds from the General Fund reserves to the Coastal Protection Fund to fund future Coastal Projects; and WHEREAS, the Town Council must take action to put in place an ordinance to amend the budget. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PALM BEACH, PALM BEACH COUNTY, FLORIDA,AS FOLLOWS: Section 1. The foregoing recitals are herby ratified and confirmed. Section 2. The General Fund and the Coastal Protection Fund budgets for the fiscal year commencing October 1, 2012, are hereby amended and adopted pursuant to the attached Exhibit"A" and "B", attached hereto and made a part of this ordinance. Page 1 of 2 ordinance No. 19-2012 Section 3. Effective Date. This ordinance shall take effect immediately upon passage and approval as provided by law. PASSED AND ADOPTED in a regular, adjourned session of the Town Council of the Town of Palm Beach on first reading this 11th day of December, 2012, and for second and final reading on this 12th day of February, 2013. . i� _ / /t. _q it N�t . !©aim, L. Conlgho, Mayor/ David A. Rosow, Town Council President otir /J i . 'obert Fi/ ldrick Tern President Pro Te ,I 7l L. Wi lia J. Dimond, Town Co ....1 Member fp,i ' ATTEST: Richard M. Kleid, Town Council Member rSusan A.'Owens, Y'C, Town Clerk MichPuci llo, wn Council Member > \. o�LL it.0 ' >t:i c°,0 \‘'0',. c ' fo`.. r Ci V .� cf 1 d 1 F,k ' II, ' C) ' ; e, .,� Page 2 of 2 Ordinance No. 19-2012 Exhibit A Town of Palm Beach, Florida General Fund Revenues and Expenditures Budget Amendment October 1, 2012 through September 30, 2013 Adopted Ordinance Amended Budget No. 19-2012 Budget FY2013 Amendment FY2013 Revenues Ad Valorem Taxes 36,865,400 36,865,400 Non Ad Valorem Taxes 7,477,500 7,477,500 Licenses& Permits 6,264,300 6,264,300 Intergovernmental 1,020,450 1,020,450 Charges for Services 3,652,116 3,652,116 Fines and Forfeitures 1,299,000 1,299,000 Investment Earnings 900,500 900,500 Miscellaneous Revenues 189,981 189,981 Interfund Transfers 885,000 885,000 Use of Undesignated Fund Balance 1,157,033 2,000,000 3,157,033 Total Revenues 59,711,280 2,000,000 61,711,280 Expenditures Department Legislative 95,600 95,600 General Government 445,153 445,153 Town Manager 741,371 741,371 Advice and Litigation 468,915 468,915 Human Resources 679,988 679,988 Information Systems 1,822,385 1,822,385 Finance 1,882,423 1,882,423 Planning/Building/Zoning 3,600,142 3,600,142 Library 288,989 288,989 Fire-Rescue 10,652,190 10,652,190 Police 12,885,527 12,885,527 Emergency Disaster Response 47,950 47,950 Public Works 14,330,768 14,330,768 Transfer to Other Funds 10,926,879 2,000,000 12,926,879 Contingent Appropriations 843,000 843,000 Total Expenditures 59,711,280 2,000,000 61,711,280 Revenue over/(under) Expenditure: $0 $0 $0 Exhibit B Town of Palm Beach, Florida Comprehensive Coastal Management Project Fund Budget Amendment October 1, 2012 through September 30, 2013 Adopted Ordinance Amended Budget No. 19-2012 Budget FY2013 Amendment FY2013 Revenues Investment Earnings 20,000 20,000 Transfer from General Fund 2,738,914 2,000,000 4,738,914 Total Revenues 2,758,914 2,000,000 4,758,914 Expenditures Current Year Projects 869,000 869,000 Prior Year Projects 6,063,000 6,063,000 Total Expenditures 6,932,000 6,932,000 Revenues Over/(Under) Expenditures (4,173,086) (2,173,086) Beginning Fund Balance 10,354,771 10,354,771 Ending Fund BalancE 6,181,685 8,181,685