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Agenda Item 7D-7EAGENDA ITEM # 7D/8E NOVEMBER 13, 2012 ORDINANCE NO. 20-12-119 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2012 AND ENDING SEPTEMBER 30, 2013, AND PROVIDING AN EFFECTIVE DATE. 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 City is amending the current year's Operating Budget to create a budget for the purpose of purchasing and conserving land with donated funds restricted for that purpose. The land to be purchased is a vacant parcel located on Dutton Island Drive and is part of the marshlands on the western boundary of Atlantic Beach. 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 2012/2013 Budget to be amended as follows: Revenues: GENERAL FUND Donations $225,423 Expenses: General Government Non Departmental Land $225,423 Fund Balance $0 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this day of November 2012. Passed by the City Commission on second and final reading this day of November 2012. Mike Borno, Mayor / Presiding Officer Approved as to form and correctness: ATTEST: Alan C. Jensen, Esquire, City Attorney Donna L. Bartle, CMC, City Clerk