R12-120 Ii
1 RESOLUTION R12 -120
2
3 A RESOLUTION OF THE CITY OF BOYNTON BEACH,
41 FLORIDA, AMENDING THE FINAL BUDGET FOR THE FISCAL
5 YEAR BEGINNING OCTOBER 1, 2011, AND ENDING
6 SEPTEMBER 30, 2012 FOR THE WATER AND SEWER UTILITY
7 ENTERPRISE FUND FOR OPERATING EXPENDITURES AND
8 TRANSFERS TO OTHER FUNDS IN THE AMOUNT OF $5,180,000
9 TO INCREASE THE PREVIOUSLY APPROPRIATED SUM OF
10 $32,217,173 TO $37,397,173; ACKNOWLEDGING THE
11 DISCLOSURE OF ADJUSTMENTS WITHIN THE UTILITIES
12 OPERATING BUDGET AND PROVIDING FOR AN EFFECTIVE
13 DATE.
14
15 WHEREAS, a final budget was approved by the City Commission on September 20,
16 2011, for the 2011/12 fiscal year; and
17 WHEREAS, the Utilities Department requires a budget amendment for its Operating
18 Fund 401 to appropriate additional funds of $5,180,000 for the Fiscal Year 2011/2012
19 budget; and
20 WHEREAS, the $5,180,000 is available from positive net revenue projections of
21 $6,966.822 for the Fiscal Year 2011/2012; and
22 WHEREAS, the City Commission of the City of Boynton Beach deems it to be in the
23 best interests of the residents and citizens of the City of Boynton Beach to approve the
24 amendment to the final budget of the City of Boynton Beach, Florida, for the fiscal year
25 beginning October 1, 2011, and ending September 30, 2012, by increasing the Water and
26 Sewer Utility Enterprise Fund for operating expenditures and transfers to other funds in the
27 amount of $5,180,000 which increases the previously appropriated sum of $32,217,173 to
28 $37,397,173.
29 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
30 THE CITY OF BOYNTON BEACH, FLORIDA:
31 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as
32 being true and correct and are hereby made a specific part of this Resolution upon adoption
33 hereof.
34 Section 2. That the final budget of the City of Boynton Beach, Florida, for the
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1 fiscal year beginning October 1, 2011, and ending September 30, 2012, is hereby amended
2 by increasing the Water and Sewer Utility Enterprise Fund for operating expenditures and
3 transfers to other funds in the amount of $5,180,000 which increases the previously
4 appropriated sum of $32,217,173 to $37,397,173.
5 Section 3. The City Commission hereby acknowledges the disclosure of
6 adjustments within the Utilities operating budget as stated in the agenda documents.
7 Section 4. All Resolution or parts of Resolution in conflict herewith are hereby
8 I repealed to the extent of such conflict.
9 j Section 5. This Resolution shall become effective immediately upon passage.
10 PASSED AND ADOPTED this 7th day of November, 2012.
11 CITY OF BOYNTON BEACH, FLORIDA
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15 Mayor - Woodrow L.
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19 ' ice Mayor — Mack may
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23 Commissioner -
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27 Commis . ne — - v . olzman
28 ATTEST: �
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1 e J . ' Commissioner — Marlene Ross
32 Aare
M. Prainito, MMC
33 ity Clerk
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