Item 7A- Budget Ordinance 20-16-138AGENDA ITEM:
STAFF REPORT
City of Atlantic Beach
Commission Meeting
ORDINANCE NO. 20-16-138
AGENDA ITEM 7A
JUNE 27, 2016
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, AND PROVIDING AN EFFECTIVE DATE.
DATE: May 27, 2016
SUBMITTED BY: Russell Caffey, Finance Director
BACKGROUND: The Ci.ty of Atlantic Beach's Legal Budget for fiscal year 2017 (FY17) is
$96,000. Following the Gate Hearing, the City has incurred $86,835 in
legal expenditures for the year. Legal fees not associated with Gate
Petroleum are currently averaging $8,260 a month. City Staff is
requesting an increase to the legal budget of $75,000 to cover estimated
legal costs for the remainder ofFY17.
BUDGET: Mid-year budget modification to transfer$ 75,000 from the Fund Balance
to the Legal Services Division.
RECOMMENDATION: To adopt Ordinance NO. 20-16-138 amending the 2015-16 Annual
Budget.
ATTACHMENT: 1. Ordinance No. 20-16-138
REVIEWED BY CITY MANAGER: '-U ~ ;7~
AGENDA ITEM 7 A
JUNE 27, 2016
ORDINANCE NO. 20-16-138
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, AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Chmier 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 $75,000
to cover an estimated increase to legal fees for the balance of the fiscal year.
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:
City Administration -Legal Services
Fund Balance:
Professional Services -City Attorney
Total Expenses:
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this 13th day of June 2016.
$ 75 000
$ 75.000
<$ 75.000>
Passed by the City Commission on second and final reading this __ day of 2016.
Mitchell E. Reeves
Mayor I Presiding Officer
Approved as to form and correctness:
Brenna M. Durden
City Attorney
ATTEST:
Donna L. Bartle, CMC
City Clerk