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Ordinance No. 20-16-137 v ORDINANCE NO.20-16-137 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30, 2016 FOR THE PURPOSE OF ADDING FUNDS FOR THE CONSTRUCTION OF THE POLICE BUILDING, 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 operating budget to add net funds totaling $575,300 for the increase in the Governmental Capital Project Fund for the revised total of the Public Safety Building. WHEREAS, the City of Atlantic Beach did not include the funding of this purchase in the adoption of the original Fiscal Year 2016 Annual Operating Budget and therefore must amend the budget to have sufficient amounts within the Governmental Capital Project Fund in order to fund the purchase. 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 2015/2016 Budget to be amended as follows: GENERAL FUND Expenditures: Transfer to the Governmental Capital Project Fund $575,300 Fund Balance: <$575,300> GOVERNMENTAL CAPITAL PROJECT FUND Revenues: Transfer from General Fund $575,300 Expenditures Capital Improvements—Police Building Project $575,300 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this rh day of 4Pri 1 2016. Passed by the City Commission on second and final reading this 9 day of(la 7 2uiv. lviitchell E. Reeves Mayor/Presiding Officer Approved as to form and correctness: ATTEST: ,4-�c A')14/a. V B enn_ . M. Du DONNA L. BARTLE, CMC City Attorney City Clerk