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Exh 7BAGENDA ITEM #7B MARCH 24, 2003 ORDINANCE NO. 20-03-58 AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1, 2002 AND ENDING SEPTEMBER 30, 2003. 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 City entered into an interagency agreement with the City of Jacksonville, Florida to provide $85,000 of funding towards the project that was not included in the original budget. 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 2002/2003 Final Budget be amended as follows: Discretionary Half Cent Sales Tax Fund Revenues: Intergovernmental Revenues City of Jacksonville -Church Road Interagency Agreement Expenses: Capital Outlay Improvements -Church Road Extension 2. This ordinance shall take effect immediately upon its adoption. Passed by the City Commission on first. reading this day of Mazch, 2003. Passed by the City Commission on second and final reading this day of 2003. John S. Meserve Mayor- /Presiding Officer Approved as to form and correctness: Alan C. Jensen, Esquire City Attorney ATTEST: $85,000 $85,000 Maureen King, CMC City Clerk