Loading...
Item 7AAGENDA ITEM #7A JUNE 12, 2006 ~e. CITY OF ATLANTIC BEACH ~„ CITY COMMISSION MEETING STAFF REPORT AGENDA ITEM: ORDINANCE N0.20-06-78 AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006. SUBMITTED BY: DATE: Nelson Van Liere Finance Director June 5, 2006 BACKGROUND: Annually, the City Manager budgets for legal expenses for both the City Attorney and any other litigation. In cases where a suit is brought against the City, the City will either have an attorney from the insurance company appointed to the case or be reimbursed for the legal fees of our attorneys. Depending on the nature of the suits, the City's liability exposure is generally limited to the amount of the deductible for that type of claim. This ordinance will fund the deductibles for three such cases that were unanticipated at budget time last year. Those cases involved ""' the lot subdivision, a religious display in Town Center, and arbitration costs for miscellaneous disciplinary actions. BUDGET: The total impact of this ordinance on the City's budgeted fund balance is $38,000. RECOMMENDATION: Approve Ordinance No. 20-06-78 . - ATTACHMENTS: Ordinance No. 20-06-78 REVIEWED BY CITY MANAGER: ~.. ORDINANCE NO. 20-06-78 AGENDA ITEM #7A JUNE 12, 2006 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006. 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, additional funds for insurance deductibles are needed for legal fees generated as a result of a number of unanticipated law suits against the City. The suits that need to be funded at this time are related to a lot subdivision, religious displays in Town Center and arbitration related to miscellaneous disciplinary actions. 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 2005/2006 Final Budget be amended as follows: General Fund Expenses: City Administration Legal Division Professional Services Change in Fund Balance '""' 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this day of June, 2006. Passed by the City Commission on second and final reading this 38,000 <$38,000> day of June, 2006. Donald M. Wolfson Mayor /Presiding Officer Approved as to form and correctness: Alan C. Jensen, Esquire City Attorney ATTEST: Donna Bussey City Clerk