R-1136-07 RESOLUTION NO. 1136-07
A RESOLUTION OF THE VILLAGE COUNCIL OF MIAMI SHORES VILLAGE,
FLORIDA, CREATING BUDGET AMENDMENT #1 TO THE FY2007-08 OPERATING
BUDGETS TOTALING $228,712 REAPPROPRIATING $146,059 FROM THE
GENERAL RESERVED FUND BALANCE, $72,653 FROM THE CAPITAL FUND
BALANCE; AND $10,000 FROM THE SANITATION RESERVED RETAINED
EARNINGS WHICH WILL BE USED FOR ALL OUTSTANDING FINANCIAL
OBLIGATIONS INCURRED PRIOR TO SEPTEMBER 30, 2007.
WHEREAS, the Village has adopted an annual operating budget for all funds and
Departments for the fiscal year which began on October 1, 2007; and,
WHEREAS, generally accepted accounting principals 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 FY2007-
08;
NOW, THEREFORE, BE IT RESOLVED by the Village Council of Miami Shores
Village, Florida:
Section 1. That this resolution creates and approves Budget Amendment
#1 to the FY2007-08 Operating Budgets, re-appropriating a total of $228,712,
comprised of$146,059, $72,653 and $10,000, from the General Reserved Fund Balance,
Capital Fund Balance, and Sanitation Reserved Retained Earnings respectively.
Section 2. That this resolution shall be retroactively implemented to October
1, 2007 upon its adoption.
PASSED AND ADOPTED this 20th day of November, 2007.
Attest:���2
Herta Holly, Mayor
Barbara A. Estep, MM
Village Clerk
Approved as to Form:
a L-cv-Q sya+
Richard Sarafan
Village Attorney
Miami Shores Village
09/28/07 Open Encumbrances
P.O. Encumbered
GL# Number Vendor Amount
001-0450-524-31000 16490 MICHELE MELLGREN &ASSOC 32,624
001-0800-519-31000 20293 AMERICAN APPRAISAL 12,000
20725 INTERNAL REVENUE SERVICES 75,000
001-0800-519-34000 18484 BELLSOUTH COMMUNICATION S 3,660
001-0800-519-80608 99999 JOAN WALLS-PENSION 5,000
001-0900-521-34000 17878 OFFICE EQUIPMENT FINANCE 6,925
001-0900-521-54500 16255 SOFTWARE HOUSE INTERNATIONAL 1,100
001-1401-572-52100 20726 TO BE DETERMINED(FINE ARTS) 3,478
001-1401-572-58000 20727 RECTRAC-TRAINING 4,000
001-1405-572-52400 18475 LIFEGUARD STORE, INC 2,273
TOTAL GENERAL FUND[001] 146,059
301-1402-572-64000 18724 MEDTRONIC EMERGENCY RESPONSE 1,573
301-6000-541-65750 18601 DEROSE DESIGN CONSULTANTS 71,080
TOTAL CAPITAL FUND[301] 72,653
405-3000-534-52200 20471 WASTEQUIP INDUSTRIAL 10,000
TOTAL SANITATION FUND[405] 10,000
GRAND TOTAL $ 228,712