TO: Mayor and City Commission
FROM: Douglas E. Smith, City Manager
DATE: November 18, 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.
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. Adjustments were made to a few of the amendment amounts following first reading for the fiscal year 2014/2015 budget amendment.
Approved on First Reading at November 4, 2015, City Commission Meeting.
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