Ordinance 09-2016 BudgetORDINANCE NO, 09-2016
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF
PALM BEACH, PALM BEACH COUNTY, FLORIDA,
ESTABLISHING A UNDERGROUND UTILITY PROJECT" FUND;
IN ORDER TO TRANSFER EXCESS FUNDS FROM THE GENERAL
FUND RESERVES TO THE UNDERGROUND UTILITY PROJECT
FUND TO FUND THE INITIAL ENGINEERING COST OF THE
TOWNWIDE UNDERGROUNDING PROJECT; PROVIDING FOR
AN AMENDMENT TO THE TOWN'S BUDGETS ADOPTED FOR
THE FISCAL YEAR COMMENCING OCTOBER 1, 2015,
PROVIDING AN EFFECTIVE DATE.
WHEREAS, it was necessary for the Town of Palm Beach to adopt budgets for the fiscal
year commencing October 1, 2015; 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,
2016; and
WHEREAS, the budget amendment is necessary to transfer excess funds from the
General Fund reserves to a fund established for the Townwide Underground Utility Project to
fund the initial engineering costs and the amount to be transferred represent the Town's
estimated pre -pay amount for planned assessments for Town owned properties; and
WHEREAS, the budget amendment is necessary to appropriate funds for planning and
engineering costs; 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 -L The foregoing recitals are hereby ratified and confirmed.
Section 2. There is hereby established an Underground Utility Project Fund for the town -
wide underground utility project.
Section 3, The General Fund and the Underground Utility Fund budgets for the fiscal
year commencing October 1, 2015, are hereby amended and adopted pursuant to the
attached Exhibit "A" and "B", attached hereto and made a part of this ordinance,
Sectioit, .4. 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 I Oth day of May, 2016, and for second and final
reading on this 14th day of June, 2016.
Gai . onigAlioayor
S Ousan A. Owens, fMC, Town Clerk
Ordinance No. 09-2016
Michael J. ucillo, ToS=ncil President
f
Richard N/1. Kleid, Council President Pro Tem
, Town
Bobbie Lindsay, Coun i N/lemb)r
Danielle H. Moore, Town Council Member
);)) qt -'- I
Margaret A. Zeid T wn" Council Member
Page 2 of 2
Exhibit A
Town of Palm Beach, Florida
General Fund Revenues and Expenditures
Budget Amendment
October 1, 2015 through September 30, 2016
Revenues
Ad Valorem Taxes
Non Ad Valorem Taxes
Licenses & Permits
Intergovernmental
Charges for Services
Fines and Forfeitures
Investment Earnings
Miscellaneous Revenues
Interfund Transfers
Use of Undesignated Fund Balance
Total Revenues
Expenditures
Department
Legislative
General Government
Town Manager
Advice and Litigation
Human Resources
Information Systems
Finance
Planning/Building/Zoning
Library
Fire -Rescue
Police
Emergency Disaster Response
Public Works
Transfer to Other Funds
Contingent Appropriations
Total Expenditures
Adopted
Ordinance
Amended
Budget
No. 09-2016
Budget
FY2016
Amendment
FY2016
47,131, 000
2,320,819
47,131, 000
8,005,000
2,028,839
8,005,000
7,103,320
315,777
7,103,320
1,135, 537
11, 743,196
1,135, 537
3,867,388
46,300
3,867,388
1,284, 000
14, 767, 345
1,284,000
700,000
944,686
700,000
323,500
323,500
785,000
785,000
1,579,586
2,530,250
4,109, 836
71,914,331 2,530,250 74,444,581
95,600
95,600
807,300
807,300
769,306
769,306
550,000
550,000
851,243
851,243
2,320,819
2,320,819
2,028,839
2,028,839
4,050,642
4,050,642
315,777
315,777
11, 743,196
11, 743,196
14,198, 001
14,198, 001
46,300
46,300
14, 767, 345
14, 767, 345
18,425,277
2,530,250 20,955,527
944,686
944,686
71,914,331 2,530,250 74,444,581
Revenue over/(under) Expenditures $0 $0 $0
Exhibit B
Town of Palm Beach, Florida
Underground Utility Project Fund
Budget Amendment
October 1, 2015 through September 30, 2016
Adopted Ordinance Amended
Budget No. 09-2016 Budget
FY2016 Amendment FY2016
Revenues
Investment Earnings
Transfer from General Fund
Total Revenues
2,530,250 2,530,250
2,530,250 2,530,250
Expenditures
Project Costs - 2,530,250 2,530,250
Contingency -
Total Expenditures - 2,530,250 2,530,250
Revenues Over/(Under) Expenditures
Beginning Fund Balance