98-19 v RESOLUTION NO. 98- 19
A RESOLUTION AMENDING THE OPERATING BUDGET FOR THE CITY OF
ATLANTIC BEACH,FLORIDA,FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1997 AND ENDING SEPTEMBER 30,1998
WHEREAS,the City Charter of the City of Atlantic Beach requires that the City Commission
approve all budgetary increases and transfers at the fund level,and
WHEREAS,the nature of budgetary systems and those day to day decisions affecting such
budgetary systems require adjustments from time to time.
NOW,THEREFORE,BE IT RESOLVED by the City Commission of the City of Atlantic
Beach,that the following Budget Modification be approved for the 1997-1998 Operating Budget.
CAPITAL IMPROVEMENT FUND
Revenues:
Transfer from Water Utility Fund $264,065
Expenditures:
Improvements other than Buildings $264,065
WATER UTILITY FUND
Expenditures:
Improvements other than Buildings $175,482
Transfer to Capital Project Fund $264,065
Description:
To amend the Operating Budget to fund the March 23, 1998 approved Levy Road Improvements.
The funding source was identified as the Water Utility Fund Reserves. The above adjustment
increases the Water Utility Expenditures for the amount estimated for the water line portion of
the project and increases the budget for the portion of the road improvements by way of a
transfer to the capital project fund. The capital project fund budget is adjusted to reflect project
expenditures for the road portion of the project. Total project budget is$439,547.
Adopted by the City Commission this 27th day of April, 1998.
Ap! oved as to form and correctness:
an Ile 7,Esquire
City Atto
ATTEST:
�G(zQ,yvn�_
Ma een King,C C Suzanne Shaughnessy rir
City Clerk Mayor/Presiding Officer