Ordinance No. 20-04-68 vORDINANCE NO. 20-04-68
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY
OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING
OCTOBER 1, 2003 AND ENDING SEPTEMBER 30, 2004.
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, it is necessary for the City to make final modifications to the budget within
a short period of time after fiscal year end to adjust for small variances arising in the final period
of the year.
NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON
BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that;
1. The Fiscal Year 2003/2004 Final Budget be amended as follows:
Police Pension Fund
Revenues:
Casualty Insurance Premium Tax 185 $25,190
Expenses:
Operating Expenses
Professional Services $20,000
Change in Fund Balance: $5,190
1996 Utility Revenue Bond Construction Fund
Expenses:
Capital Outlay:
Infrastructure Improvements $242,430
Change in Fund Balance: <$242,430>
Water Utility Fund
Expenses:
Debt Service
Principal 37,539
Interest 85,560
Change in Fund Balance: <$123,099>
Sewer Utility Fund
Expenses:
Debt Service
Principal <4,510>
Interest <10,281>
Change in Fund Balance: 14,791
Storm Water Utility Fund
Expenses:
Debt Service
Principal <33,028>
Interest <75,280>
Change in Fund Balance: $108,308
Debt Service Fund
Expenses:
Debt Service -Interest Expense $6
Change in Fund Balance: <$6>
Half-Cent Sales Tax Fund
Expenses:
Transfer to Convention development Tax Fund $5,000
Change in Fund Balance: <$5,000>
Convention Development Tax Fund
Revenues:
Transfer from Half-Cent Sales Tax Fund $5,000
Change in Fund Balance: $5,000
Police Grant Fund-Byrne Grant
Expenses:
Transfer to General Fund $103
Change in Fund Balance: <$103>
""'` Police Grant Fund-Local Law Enforcement Block Grant
Revenue:
Interest Earned $108
Change in Fund Balance: $108
Sanitation Fund
Expenses:
Operating Expenses -Contract Hauling $30,000
Change in Fund Balance: <$30,000>
General Fund
Revenues:
Transfer from Police Grant Fund -Byrne Grant $103
Change in Fund Balance: $103
"` 2. This ordinance shall take effect immediately upon its adoption.
Pas ed by the City Commission on first reading this 25th day of October 2004.
P y the City Commission on second and final reading this ~+h day of November 2004
Jo eserve
Mao / P sidinc Officer
A roved as to rm and correctness:
an C. ~ n, Esquire
City A ey
ATT
~~'~12Q,
onna Bussey
City Clerk