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Ordinanace No. 20-24-171ORDINANCE NO. 20-24-171 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR THE 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 desires now to amend the current operating budget funds totaling $750,000 for the purchase of 0.44+- acres of real property in Atlantic Beach a 100 West First Street (Parcel ID 170715-0000) from Watchcare, Inc., in the General 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 2023/2024 Operating Budget is hereby amended as follows: GENERAL FUND Expenditures: Land and associated costs Fund Balance: Total Expenses: 750 000 SECTION 2. This ordinance shall take effect immediately upon adoption. PASSED AND ADOPTED by the City Commission on second and final reading on this 26th day of February, 2024. Ordinance No. 20-24-171 Page 1 of 2 ATTEST: i Donna L. Bartle City Clerk Approved as to form and correctness: AA L Jasn a ie Cit me Y -Of Curtis Ford Mayor Ordinance No. 20-24-171 Page 2 of 2