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Item 7AAGENDA ITEM # 7A APRIL 12, 2010 ORDINANCE N0.20-10-102 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2004 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-today decisions affecting such budgetary systems require adjustments from time-to-time, and WHEREAS, the City approved acceptance of a Local Mitigation Strategy Grant for the Salt Air Gravity Sewer Rehabilitation Project in the amount of $282,000, and WHEREAS, the 2010 adapted budget did not include grant proceeds as a fiusding source for this project, and WHEREAS, the City will also need to match the grant with $118,000; $100,000 of which was budgeted for the project. The additional $18,000 needed to complete the match will come from other projects within the existing budget. 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: PUBLIC UTILITY SEWER FUND Revenues: Grant Proceeds $282,000 Expenses: Distribution and Collection -Capital Improvements $282,000 Fund Balance: $0 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this 22nd day of March, 2010. Passed by the City Commission on second and final reading this day of April, 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