Item 7AAGENDA ITEM # 7A
FEBRUARY 8, 2010
ORDINANCE N0.20-10-101
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE
CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010.
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 CDBG grant projects were not fully completed in time to determine the
exact CDBG expenses and revenues when the 2010 budget was prepared, and
WHEREAS, the 2009 projects came in under budget allowing the City to enhance the 2010
budget with the excess funds.
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 2009/2010 Budget be amended as follows:
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
Revenues:
Grant Proceeds $49,177
Expenses:
Park Improvements $44,265
Fund Balance: $4,912
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this 25th day of January, 2010.
Passed by the City Commission on second and final reading this _ day of February, 2010.
Mike Borno
Mayor /Presiding Officer
Approved as to form and correctness: ATTEST:
Alan C. Jensen, Esquire
City Attorney
Donna L. Bartle, CMC
City Clerk