89-28 v RESOLUTION NO. 89-28
•
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. 89-13 be approved
for the 1989-90 budget.
Adopted by the City Commission May 22, 1989.
* *
40
sr'e
W lia . Gulliford, Jr. , . ,r, Pre-iding Officer
Approved as to form and correctness:
4f-di
C aude L. Mullis, Ci. Attorney
ATTEST:
>/(C&..
Maureen King, City Clerk
p .
CITY OF ATLANTIC BEACH
BUDGET ADJUSTMENT
NUMBER: 89-13 EFFECTIVE DATE: 05-22-89
FUND : Capital Projects
EXPENDITURES REVENUES
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT DEBIT CREDIT
30-541 -9900 Gulfbreeze Loan Issuance Cost 29 , 180
30-384-1002 Gulfbreeze Loan Proceeds 29, 180
TOTALS 29 , 180 0 0 29, 180
EXPLANATION: To provide budget for the loan issuance costs charged by the
Gulfbreeze Loan Pool for Bond Counsel and Administrative Fees , $7 , 820 and
$21 , 360, respectively. These costs were withheld from the loan proceeds,
but have to be recorded in the City ' s accounts for financial reporting
purposes .
PREPARED BY : Harry E. Royal, Finance Director
INITIATED BY : Richard C . Fellows , City Manager
COMMISSION ACTION REQUIRED : Yes DATE PREPARED : 05-19-89