91-12 v RESOLUTION NO. 91-12
A RESOLUTION TRANSFERRING CERTAIN MONIES BETWEEN FUNDS
WHEREAS, the City Charter of the City of Atlantic Beach requires
that the City Commission approve all budgetary increases and transfers
from one fund to another, and
WHEREAS, the nature of budgetary systems and those day to day
decisions affecting such budgetary systems require adjustment from time
to time,
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Atlantic Beach, that the attached Budget Adjustment No. 91-03 be approved
for the 1990-91 budget.
Adopted by the City Commission April 8, 1991
* * * * * * * * * *I
440
William Gu .rd, Jr. , .tor, Pr= siding Officer
Approved as to form and correctness:
/•lan Jensen)0,41ty Attorney
ATTEST:
Maur en King, City lerk
..,* .
CITY OF ATLANTIC BEACH
BUDGET ADJUSTMENT
NUMBER: 91-03 EFFECTIVE DATE : 04-08-91
FUND: Various
EXPENDITURES REVENUES
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT
01-335-1100 2 Cent Add. Cig. Tax 2 , 700
01-335-1200 State Rev. Sharing 8, 300
01-335-1800 Half Cent Sales Tax 41 , 500
01-361-1000 Interest Earnings 12 , 500
01-382-1001 Transfers from Sewer Fund 65 ,000
41-535-9100 Transfers to the General Fund 65 ,000
41-364-1000 Insurance Reimbursement 65 ,000
TOTALS 65 ,000 0 65 ,000 130,000
EXPLANATION: To transfer insurance recovery related to litigation of wetwells
to the General Fund to offset shortfalls in revenue in the General Fund.
SPARED BY: Harry E . Royal , Finance Director
INITIATED BY: Kim D. Leinbach, City Manager
COMMISSION ACTION REQUIRED: Yes DATE PREPARED: 04-05-91