File #: ID 14-1470    Version: 1 Name:
Type: Ordinance - 1st Reading Status: Second Reading
File created: 10/27/2015 In control: Regular City Commission Meeting
On agenda: 11/4/2015 Final action:
Title: AN ORDINANCE OF THE CITY OF MARGATE, FLORIDA, AMENDING FISCAL YEAR 2015 BUDGET (ORDINANCE NUMBER 2014-7) AND FISCAL YEAR 2016 BUDGET (ORDINANCE NUMBER 2015-2); PROVIDING FOR REPEAL; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. ORDINANCE, 2. EXHIBIT A- 1, 3. EXHIBIT A - 2

 

TO:                     Mayor and City Commission

 

FROM:                     Douglas E. Smith, City Manager

 

DATE:                     November 4, 2015

 

 

Title

AN ORDINANCE OF THE CITY OF MARGATE, FLORIDA, AMENDING FISCAL YEAR 2015 BUDGET (ORDINANCE NUMBER 2014-7) AND FISCAL YEAR 2016 BUDGET (ORDINANCE NUMBER 2015-2); PROVIDING FOR REPEAL; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.

 

 

Body

 

 

BACKGROUND:                                          Per Florida Statute 166.241, the adopted budget may be revised with a budget amendment approved by the City Commission.  The budget amendment increases or decreases the total amount of the adopted budget of each fund.  Attached is a budget amendment for fiscal years 2014/2015 and 2015/2016. 

 

 

 

RECOMMENDATION:                     For approval.

 

 

FISCAL IMPACT:                     The fiscal impact of the budget amendment on each fund is detailed in the back-up of the ordinance.

 

 

CONTACT PERSON:                     Mary Beazley, Finance Director