HomeMy WebLinkAboutR-2003-028 budget amendment 03 RESOLUTION NO. 2003-028
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A RESOLUTION OF THE CITY OF DANIA BEACH,
FLORIDA, APPROPRIATING FY 2003 GENERAL
FUND BUDGET BY $250,000 TO REPLENISH THE
DEPLETION OF THE CONTINGENCY FUND DUE
TO TRANSFER OF FUNDS TO THE INSURANCE
FUND, AND PROVIDING THAT ALL RESOLUTIONS
OR PARTS OF RESOLUTIONS IN CONFLICT
HEREWITH BE REPEALED TO THE EXTENT OF
SUCH CONFLICT; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the General Fund budget of estimated revenues and appropriations
for expenditures for the fiscal year 2002-2003 has been approved by the City
Commission of the City of Dania Beach, Florida; and
WHEREAS, in the General Fund budget, a contingency fund of $634,512 is
budgeted in the 2002-2003 budget; and
WHEREAS, over $550,000 has been transferred to the Insurance Fund to fund
the necessary funding required as per the calculation of the actuary; and
WHEREAS, the City received a $250,000 donation from the MKN Investors in
February, 2003; and
WHEREAS, funding is needed to replenish the Contingency Fund for emergency
purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the General Fund budget for the fiscal year 2002-2003 be
hereby amended, as follows:
1 RESOLUTION NO.2003-028
Current Increase Revised
FY 2003
Budget (Decrease) Budget
General Fund
Administration
001-12-0210-59-920 $44,340 $250,000 $294,340
Contingency
Other Revenue
001-30-3690-36-990 $75,319 $250,000 $325,319
Miscellaneous Revenues
Section 2. That this resolution shall be in force and take effect immediately
upon its passage and adoption.
PASSED AND ADOPTED THIS 25th day of February, 2003.
• ATTEST:
*RERT kH,.
CHUNN, JR.
CIVI-MiLl MA — OMMISSION ER
CHARLENE JOH ON
CITY CLERK
ROLL CALL:
COMMISSIONER BERTINO - YES
COMMISSIONER MCELYEA - YES
COMMISSIONER MIKES - YES
VICE-MAYOR FLURY -YES
MAYOR CHUNN - YES
APPROVED AS FORM AND CORRECTNESS:
BY:
TH'OMAS'J. AMSBRO
CITY ATTORNEY
2 RESOLUTION NO.2003-028
_ Agenda Request Form
City of Dania Beach
74,Agenda Item:
Date of Commission meeting: 2125/2003
Description of Agenda Item: Appropriate FY 2003 General Fund Budget
Commission action being requested:
Adopt Resolution or Ordinance ® Expenditure ❑ Award BID/ RFP ❑
Presentation ❑ General approval of item ❑ Continued from meeting
Other(Please eXp�lain) r� 10,
Summary explanation and background �.
In January, the Commissioner approved a transfer of over$550,000 from the General Fund Contingency
account to the Health Insurance Fund for the necessary funding requires according to the calculation
by the actuary. The contingency fund has depleted to an available balance of$44,340. In February
the City received a donation of$250,000 by MKN Investors. Administration is recommending to
appropriate the FY 03 budget by the said amount to replenish the contingency account.
r x
Attach'ed�exhibrts and additional backup materials (Please list):
R,:, ....
Resolution
For purchasing requests ONLY
Department: Amount:
Fund: General: ❑ Water: ❑ Sewer: ❑ Stormwater: ❑ Grants: ❑ Capital: ❑
Account Name: Account Number:
Submitted by: Patricia Varney Date: 2/15/2003
Department Director: Date:
Admin. Services Director: Patricia Varney Date: 2/15/2003
Finance Director: Date:
City Manager: IPato Date: 2/18/2003