Ordinance No. 20-18-149ORDINANCE NO. 20-18-149
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR THE CITY OF
ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR BEGINNING OCTOBER 1,
2017 AND ENDING SEPTEMBER 30, 2018 FOR APPROPRIATING
ADDITIONAL FUNDS TO THE POLICE PENSION FUND; 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 budgetaty systems and those day-to-day decisions affecting such
budgetary systems require adjustments from time-to-time; and
WHEREAS, the City desires to now amend the current operating budget to add net funds totaling
$109,24 7 to cover additional employer contributions to the Police Pension Fund.
NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON BEHALF OF THE
PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that:
SECTION 1. The Fiscal Year 2017/2018 Operating Budget is hereby amended as follows:
GENERAL FUND
Expenditures:
Transfer to the Police Pension Fund Total Expenses: $109.247
Fund Balance: <$109.247>
POLICE PENSION FUND
Revenues:
Employer Contributions $109,247
Total Revenue: $109.247
Fund Balance: $109.247
SECTION 2. This ordinance shall take effect immediately upon adoption.
PASSED by the City Commission on first reading this / 3 /{day of .,2018.
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PAS SED by the City Commission on second and final reading this l7fhday of Av j US f, 2018.
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Ellen Glasser, Mayor
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Attest:
Donna L. Bartle, City Clerk
Approved as to form and correctness:
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