Resolution 1610-17RESOLUTION NO. 1610 -17
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL CREATING BUDGET
AMENDMENT #7 TO THE FISCAL YEAR 2016 -2017 OPERATING BUDGETS,
INCREASING REVENUES AND EFFECTUATING TRANSFERSTO REVERSETHE YEAR
END BUDGETARY DEFICIT.
WHEREAS, the Village adopted an annual operating budget for all funds and departments for
the fiscal year which began October 1, 2016 and ended on September 30, 2017; 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 transfers shall be reapportioned; and,
WHEREAS, the referenced revenue increases and 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 #7 to the Fiscal Year 2016 -2017 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 is effective immediately upon its adoption by the Village
Council.
PASSED AND ADOPTED THIS 11/21 of, 2017.
ATTEST ......... -
Ma Adam Glinn, Mayor
Y`se dy/ Ro d1; gnu e z,
'llage Cier4(
APORQVED ASjO'FQft1Vl:
Richard Sarafan, Village Attorney
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