R-1203-11 f
RESOLUTION NO. 1203-11
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL CREATING BUDGET
AMENDMENT#4 TO THE FISCAL YEAR 2010-2011 OPERATING BUDGETS,
INCREASING REVENUES AND EFFECTUATING FUND TRANSFERS TO REVERSE
THE YEAR END BUDGETARY DEFICIT.
WHEREAS,the Village had adopted an annual operating budget for all funds and departments
for the fiscal year which began on October 1, 2010 and ended on September 30,2011;and,
WHEREAS, Florida State Statutes prohibit departmental budgets to close with a deficit;and,
WHEREAS, in order to adequately fund the deficits realized during the prior fiscal year,
corresponding revenues shall be increased and fund transfers shall be reapportioned; and,
WHEREAS,the referenced revenue increases and fund transfers are set forth on the attached
schedule;
NOW,THEREFORE, BE IT RESOLVED by the Miami Shores Village Council:
Section 1. That this resolution and schedule attached hereto,creates and approves Budget
Amendment#4 to the Fiscal Year 2010-2011 Operating Budgets.
Section 2. That adoption of this resolution shall effectuate the specified transfers to
reverse the year end budgetary deficit.
Section 3. That this resolution shall become effective immediately upon its adoption by
the Village Council.
PASSED AND ADOPTED this 15th day of November,2011.
ATTEST:
6"yll✓�1C_ im McC y, Mayor
Barbara A. Estep, MMC
Village Clerk
APPROVED AS TO FORM:
Richard Sarafan
Village Attorney
Miami Shores Village
Budget Amendment#4
For the year ended 9/30/2011
Debt Service
Professional Services 201-0000-519-31000 3,250
Accounting & Auditing 201-0000-519-32000 5,000
Ad Valorem Revenue 201-0000-311-10000 8,250
Hurricane Fund
Transfer to Genl Fund 160-2204-519-91000 202,087
Interest Revenue 160-0000-361-25101 759
Transfer from Fund Bal 160-0000-389-10000 201,328