HomeMy WebLinkAboutR-2008-220 Year End Budget Amendment RESOLUTION NO. 2008-220
A RESOLUTION OF THE CITY OF DANIA BEACH, FLORIDA, PROVIDING
FOR APPROPRIATION OF FUNDS FOR FISCAL YEAR 2007-2008;
PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Dania Beach approved a budget for fiscal
year 2007-2008 in September, 2007; and
WHEREAS, the City received an additional distribution of Florida Statute, Chapter 175
premium tax in the amount of $61,819.12 on October 10, 2008, which is to be deposited to the
Police and Fire Pension Fund for fiscal year 2008; and
WHEREAS, according to GASB Statement 24, these amounts have to be recognized in the
General Fund financial statements; and
WHEREAS, consultant and legal services for airport related issues have exceeded the
original budget, necessitating an appropriation of funds; and
WHEREAS, the Commission decided to maintain the fund balance for the "airport legal
issues" at $500,000; and
WHEREAS,Florida Statute 166.241 (3) allows the City to amend the budget within 60 days
of the close of the fiscal year to avoid any overspending of budgeted funds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the Director of Finance is authorized to amend the budget accordingly in
the General Fund for the distribution of the Florida Statutes, Chapter 175 premium tax.
Section 2. That the Director of Finance is authorized to appropriate $120,362.00 from
the "contingency" fund and transfer it to the Legal Department budget to cover additional costs
incurred related to airport legal issues.
Section 3. That all resolutions or parts of resolutions in conflict with this Resolution are
repealed to the extent of such conflict.
Section 4. That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on November 25, 2008.
�pp��PRpS F'RST ALBERT C.r�Jr MAYOR-COMMIE IONER
A EST: � - ---— -_
LOUISE S LSON, CMC
CITY CLERK
APPROVED AS TO F D CORRECTNESS:
BY: f <
MbM AASIJIZO
CITY ATTORNEY
2 RESOLUTION#2008-220