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Ordinance No. 20-24-174ORDINANCE NO. 20-24-174 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024, AND PROVIDING AN EFFECTIVE DATE. 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, and WHEREAS, the City is amending the operating budget to add net funds totaling $93,254 in the General Fund; $370 in the Court Cost Training Fund; $128,351 in the Sanitation Fund; $0 in the General Employees' Pension Fund and $101,714 in the Stormwater Fund for various expenditures. WHEREAS, the City of Atlantic Beach did not include the funding for these expenditures in the original adoption of the Fiscal Year 2024 Annual Operating Budget and therefore must amend the budget to have sufficient amounts within the General, Court Cost Training, Sanitation, Police Officers' Pension and General Employees' Pension in order to fund the expenditures. NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA that: SECTION 1. The Fiscal Year 2023/2024 Operating Budget is hereby amended as follows: GENERAL FUND Revenues: Internal Service Charges $93,254 Fund Balance: S(93,254) Expenditures: General Government Insurance $(64,153) Comprehensive Planning Salaries 56,579 Special Pay 5,174 F.I.C.A 2.400 Total Expenditures: $ 0 Ordinance No. 20-24-174 Page 1 of 3 COURT COST TRAINING FUND Expenditures: Books, Subscriptions, Memberships $ 24 Training 346 Fund Balance: S(370) SANITATION FUND Expenditures: Other Contractual Services/Pick Up & Haul Contract $ 128,351 Fund Balance: S (128.351) GENERAL EMPLOYEES' PENSION FUND Revenues: MSSB Investment $ (356,197) Expenditures: Service Retired Pay $ 191,214 Drop Pay Defined Benefit Plan 164,983 Fund Balance: Loa STORMWATER Revenues: Internal Funds Transfer (13 0) $ 101,714 Fund Balance: (101.7141 SECTION 2. This ordinance shall take effect immediately upon adoption. PASSED by the City Commission on first reading this 12th day of November 2024. PASSED by the City Commission on second and final reading this 25th day of November 2024. Donna L. Bartle City Clerk Curtis Ord Mayor Ordinance No. 20-24-174 Page 2 of 3 Approved as to form and correctness: r-lpt-= Jaso G City Attorney Ordinance No. 20-24-174 Page 3 of 3