Ordinance 17-2015 Budget ORDINANCE NO. 17-2015
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, 2014,
PROVIDING AN EFFECTIVE DATE.
WHEREAS, it was necessary for the Town of Palm Beach to adopt budgets for the fiscal
year commencing October 1, 2414; 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,
2015; and
WHEREAS, the budget amendment is necessary to transfer excess funds from the
General Fund reserves to the Coastal Protection Fund to fund Coastal Projects; and
WHEREAS,the budget amendment is necessary to appropriate funds from the reserves
to the Coastal Protection Fund to fund the Reach 7 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 hereby ratified and confirmed.
Page 1 of 2
Ordinance Na 17-2415
Section 2. The General Fund and the Coastal Protection Fund budgets for the fiscal year
commencing October 1, 2014, are hereby amended and adopted pursuant to the attached
Exhibit"A"and"B", attached hereto and made a part of this ordinance.
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 9th day of June, 2015, and for second and final
reading on this 14th day of July,2015.
ail L. Conig io, Mayor Michael J. Pucill , wn Council President
6°
.. v Richard M. Kleid, Council President Pro Tem
Danielle H. Moore, Town Council Member
ATTEST: Penelope 1j. Townsend, Town Council Member
S4 an A. Owens, MC, Town Clerk Robert N. Wildrick, Town Council Member
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Ordinanrn Nn. 17_2015
Exhibit
Town ofPalm Beach, Florida
General Fund Revenues and Expenditures
Budget Amendment
October 1. 2014through September 30, 2U15
Adopted Ordinance Amended
Budget No. 17-2015 Budget
FY2015 Anmmndnmen1 FY2018
Revenues
AdValorem Taxes 43.424.300 43.424.300
Non AdValorem Taxes 7.937.500 7.937.500
Licenses& Permits 6.835.600 8.835.800
Intergovernmental 1.078.750 1.079.750
Charges for Services 3.573.600 3.573.600
Fines and Forfeitures 1.210.000 1.210.000
Investment Earnings 578.694 578.694
Miscellaneous Revenues 221.000 221.000
|nterfundTrmnsferm 885.000 885.000
Use ofUndesignated Fund Balance 1.549.900 6,600,000 8.149.900
Total Revenues 67.295.344 6.600.000 73.895.344
Expenditures
Department
Legislative 95.600 85.600
General Government 833.100 033'100
Town Manager 828.728 826.728
Advice and Litigation 529.812 529.812
Human Resources 835.408 835.408
Information Systems 2`210.216 2.210.216
Finance 1.823.228 1.923.228
Planning/Building/Zoning 3.802.085 3.882.035
Library 308.580 306.680
Fire-Rescue 11.486.488 11.486.486
Police 13.688.886 13.688.986
Emergency Disaster Response 47.000 47.000
Public Works 14.355.803 14.355.803
Transfer toOther Funds 15.379.382 8.800.000 21.979.362
Contingent Appropriations 909.000 909`000
Total Expenditures 67.295.344 6.600.000 73.885.344
RexenmemvemNmnder)Expenditure.- $0 *V $D
Exhibit B
Town of Palm Beach,Florida
Comprehensive Coastal Management Project Fund(309)
Budget Amendment
October 1,2014 through September 30,2015
Adopted Ordinance Amended
Budget No.17-2015 Budget
FY2015 Amendment FY2015
Revenues
Investment Earnings 100,000 100,000
Grants/Local Revenue 50,000 50,000
Transfer from General Fund 4,777,000 6,600,000 11,377,000
Total Revenues 4,927,000 6,600,000 11,527,000
Expenditures
Current Year Projects 26,783,000 17,579,950 44,362,950
Salaries and Wages 97,864 97,864
Employee Benefits 46,621 46,621
Contractual 12,000 12,000
Commodities 2,400 2,400
Transfer to Debt Service Fund 734,613 - 734,613
Total Expenditures 27,676,498 17,579,950 45,256,448
Revenues Over/(Under)Expenditures (22,749,498) (33,729,448)
Beginning Fund Balance 33,910,369 33,910,369
Ending Fund Balance 11,160,871 180,921