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Ordinance No. 20-17-145 vORDINANCE NO. 20-17-145 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017, 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 revenue totaling $37,324 and net expenses totaling $37,324 for the City Development Block Grant (CDBG) Fund. 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 2016/2017 Budget to be amended as follows: CDBG GRANT FUND Revenues: CDBG — Reimbursement $ 37,324 Total Revenues $ 37,324 Expenses: CDBG — Infrastructure $ 37,324 Total Expenses $ 37,324 Fund Balance <$0> 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first reading this 10th day of July 2017. Passed by the City Commission on second and final reading this 24th day of July 2017. Mitchell Reeves Mayor / Presiding Officer Approved as to form and correctness: ATTEST: 4-'e,�� B ennaM. bkden, Donna L. Bartle, CMC City Attorney City Clerk