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Item 7AAGENDA ITEM # 7A NOVEMBER 23, 2009 ORDINANCE NO. 20-09-100 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2008 AND ENDING SEPTEMBER 30, 2009. 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-today decisions affecting such budgetary systems require adjustments from time-to-time, and WHEREAS, the actual costs of operations, as of fiscal year end, being higher in some cases require adjustments to the operating budget in order to comply with Auditor General Rules of budgetary compliance. These adjustments fund items that were known before year end, but for which an adjustment had not yet been made. 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 2008/2009 Bndget be amended as follows: DEBT SERVICE FUND Expenses: Debt Service $4 Fund Balance <$4> GENERAL PENSION FUND Expenses: Pension Benefits $1,737 Fund Balance <$1,737> POLICE PENSION FUND Expenses: Pension Benefits $42,772 Fund Balance <$42,772> 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this 9th day of November, 2009. Passed by the City Commission on second and final reading this day of November, 2009. Mike Borno Mayor /Presiding Officer Approved as to form and correctness: Alan C. Jensen, Esquire City Attonney ATTEST: Donna L. Bartle, CMC City Clerk