Ordinance No. 20-19-155ORDINANCE NO. 20-19-155
AN ORDINANCE AMENDING THE OPERATING BUDGET FOR
THE CITY OF ATLANTIC BEACH, FLORIDA FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30,
2020, 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 desires to now amend the current operating budget to add net funds
totaling $200,000 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 2019/2020 Operating Budget is hereby amended as follows:
GENERAL FUND
Expenditures:
Transfer to the Police Pension Fund Total Expenses: $200,000
Fund Balance ($200,000)
POLICE PENSION FUND
Revenues
Employer Contributions Total Revenues $200,000
Fund Balance: $200,000
SECTION 2. This ordinance shall take effect immediately upon adoption.
Ordinance No. 20-19-155 Page 1 of 2
PASSED by the City Commission on first reading this 12th day of November, 2019.
PASSED by the City Commission on second and final reading this 25th day of November, 2019.
Attest:
oo,,. a -m -tee
Donna L. Bartle, City Clerk
Approved as to form and correctness:
A/(
D Ci Attorneyrney
G(
en Glasser, Mayor
Ordinance No. 20-19-155 Page 2 of 2