R-1121-06 RESOLUTION N.,. 1121-06
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES,VILLAGE,FLORIDA,CREATING
BUDGET AMENDMENT #1 TO THE FY 2006-07 OPERATING BUDGETS TOTALING $450,660,
REAPPROPRIATING$115,585 FROM THE GENERAL RESERVED FUND BALANCE;$281.887 FROM THE
SPECIAL REVENUE RESERVED FUND BALANCE; $23,300 FROM THE STORM WATER RESERVED
RETAINED EARNINGS; I&M FROM THE SANITATION RESERVED RETAINED EARNINGS; AND,
$24,088 FROM THE FLEET MAINTENANCE RESERVED FUND BALANCE,FUNDING FOR WHICH WILL
BE USED FOR ALL OUTSTANDING FINANCIAL OBLIGATIONS INCURRED PRIOR TO SEPTEMBER 30,
2006
WHEREAS,the Village has adopted an annual operating budget for all funds and departments for the fiscal
year which began on October 1,2006 and,
WHEREAS,generally accepted accounting principles require that all financial obligations incurred in a prior
fiscal year be reported as a fund reserve in the Village's Reserved Equity Accounts;and,
WHEREAS,re-appropriation of those fund balances and associated items are required to accurately represent
the current year's operating accounts during FY 2006-07.
NOW,THEREFORE,BE IT DULY RESOLVED BY THE VILLAGE COUNCIL OF MIAMI SHORES
VILLAGE,FLORIDA:
1. That this resolution creates and approves Budget Amendment#1 to the FY 2006-07 Operating
Budgets,re-appropriating a total of$450,660 comprised of$115,585,$281,887,$23,300,$5,800 and
$24,088 from the General,Special Revenue,Enterprise,and Internal Service Reserved Fund Balance
or Retained Earnings accounts.
2. That this resolution shall be retroactively implemented to October 1,2006 upon its adoption.
PASSED and ADOPTED this 7`h day of November,2006.
AL DAVIS,Mayor
Attest: Approved as to Form:
e
tj
Barbara A.Estep,MMe Richard Sarafan,Esq.
Village Clerk Village Attorney