Item 7B - Ordinance No. 20-17-142AGENDA ITEM 7B
JANUARY 23, 2017
ORDINANCE NO. 20-17-142
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF
ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1,
2016 AND ENDING SEPTEMBER 30, 2017 FOR APPROPRIATING
ADDITIONAL FUNDS TO THE POLICE PENSION FUND; 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 desires to now amend the current operating budget to add net funds totaling
$200,000 to cover additional employer contributions to the Police Pension Fund.
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 2016/2017 Operating Budget is hereby amended as follows:
GENERAL FUND
Expenditures:
Transfer to the Police Pension Fund Total Expenses:
Fund Balance:
POLICE PENSION FUND
Revenues:
Employer Contributions
Total Revenue:
Fund Balance:
SECTION 2. This ordinance shall take effect immediately upon adoption.
$200.000
<$200.000>
$200,000
$200.000
$200.000
PASSED by the City Commission on first reading this __ day of , 2017.
PASSED by the City Commission on second and final reading this __ day of , 2017.
Mitchell E. Reeves, Mayor
00745799-1
AGENDA ITEM 7B
JANUARY 23, 2017
Attest:
Donna L. Bartle, City Clerk
Approved as to form and correctness:
Brenna M. Durden, City Attorney
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