Ordinance 27-2017 Budget ORDINANCE NO. 27-2017
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, 2016,
PROVIDING AN EFFECTIVE DATE.
WHEREAS, it was necessary for the Town of Palm Beach to adopt budgets for the fiscal
year commencing October 1, 2016; 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,
2017; and
WHEREAS, the budget amendment is necessary to appropriate funds from the General
Fund Reserves to fund the Townwide Underground Utility Project and the amount to be
transferred represent the Town's remaining balance to pre-pay the Townwide assessments for
Town owned properties; and
WHEREAS,the budget amendment is necessary to appropriate available funds from the
General Fund to the Employees' Retirement Fund to fund the Unfunded Actuarial Accrued
Liability.
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:
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Ordinance No.27-2017
Section 1. The foregoing recitals are hereby ratified and confirmed.
Section 2. The General Fund, Underground Utility Fund, and Retirement Fund budgets
for the fiscal year commencing October 1,2016,are hereby amended and adopted pursuant
to the attached Exhibit"A","B"and"C",attached hereto and made a part of this ordinance.
Section 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 19th day of September, 2017, and for second and final
reading on this 10th day of October, 2017.
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Ga.? L. Coniglio, Mayor / Richard M. Kleid, Town Council President
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- - anielle H • •ore, Co cil President Pro Tem
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-- e Ara •., - : n Co cil Member
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ATT -STs Bobbie Lin•say, w .CI ' ber
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Kathleen Dominguez, Town Clerk� � Marga 4 A. Zeid . Town Counci ember
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Ordinance Nn 27_2017
Exhibit A
Town of Palm Beach, Florida
General Fund Revenues and Expenditures
Budget Amendment
October 1,2016 through September 30,2017
Adopted Ordinance Amended
Budget No. 27-2017 Budget
FY2017 Amendment FY2017
Revenues
Ad Valorem Taxes 49,494,500 49,494,500
Non Ad Valorem Taxes 8,103,000 8,103,000
Licenses&Permits 7,303,500 7,303,500
Intergovernmental 1,178,500 1,178,500
Charges for Services 3,816,550 3,816,550
Fines and Forfeitures 1,255,000 1,255,000
Investment Earnings 704,339 704,339
Miscellaneous Revenues 345,758 150,000 495,758
Interfund Transfers 685,000 685,000
Use of Undesignated Fund Balance 3,966,230 267,041 4,233,271
Total Revenues 76,852,377 417,041 77,269,418
Expenditures
Department
Legislative 155,900 155,900
General Government 698,017 698,017
Town Manager 781,929 (7,083) 774,846
Advice and Litigation 561,000 561,000
Human Resources 888,575 (5,307) 883,268
Information Systems 2,460,413 (7,880) 2,452,533
Finance 2,109,302 (13,527) 2,095,775
Planning/Building/Zoning 4,316,599 (22,380) 4,294,219
Library 325,250 325,250
Fire-Rescue 12,161,865 (6,095) 12,155,770
Police 14,742,293 (23,242) 14,719,051
Emergency Disaster Response 46,300 46,300
Public Works 15,323,669 (64,486) 15,259,183
Transfer to Other Funds 21,320,965 567,041 21,888,006
Contingent Appropriations 960,300 960,300
Total Expenditures 76,852,377 417,041 77,269,418
Revenue over/(under) Expenditures $0 $0 $0
Exhibit B
Town of Palm Beach, Florida
Underground Utility Project Fund
Budget Amendment
October 1, 2016 through September 30, 2017
Adopted Ordinance Ordinance Amended
Budget No. 18-2017 No. 27-2017 Budget
FY2017 Amendment Amendment FY2017
Revenues
Investment Earnings 6,000 6,000
Transfer from CIP Fund 760,200 760,200
Transfer from General Fund - 267,041 267,041
Proceeds from LOC 12,750,000 12,750,000
Transfer from Reserves of ERF - 12,750,000 12,750,000
Total Revenues 766,200 25,500,000 267,041 26,533,241
Expenditures
Project Costs 1,065,852 12,750,000 13,815,852
Transfer to Reserves of ERF - 12,750,000 12,750,000
Total Expenditures 1,065,852 25,500,000 26,565,852
Revenues Over/(Under) Expenditures (299,652) (32,611)
Beginning Fund Balance 305,652 305,652
Ending Fund Balance 6,000 273,041
Exhibit C
Town of Palm Beach, Florida
Employee's Retirement Fund
Budget Amendment
October 1, 2016 -September 30, 2017
Adopted Amended
Budget Ordinance No. Budget
FY2017 27-2017 FY2017
Revenues
Employer Contributions 8,179,695 - 8,179,695
Employee Contributions 750,000 - 750,000
Gain/Loss on Investments 14,837,114 - 14,837,114
Miscellaneous 2,500 - 2,500
Interest on Investments 2,000,000 - 2,000,000
Extraordinary Transfer from General Fun 2,500,000 300,000 2,800,000
Total Revenues 28,269,309 300,000 28,569,309
Expenditures
Salary and Wages 52,247 - 52,247
Employee Benefits 28,009 - 28,009
Contractual 19,501,658 - 19,501,658
Total Expenditures 19,501,658 - 19,501,658
Total Revenues Over/(Under) Expenses 8,767,651 300,000 9,067,651