File #: ID 2016-660    Version: 1 Name:
Type: Ordinance - 1st Reading Status: Second Reading
File created: 10/20/2016 In control: Regular City Commission Meeting
On agenda: 11/2/2016 Final action:
Title: AN ORDINANCE OF THE CITY OF MARGATE, FLORIDA, AMENDING FISCAL YEAR 2016 BUDGET (ORDINANCE NUMBERS 2015-2 AND 2015-7) AND FISCAL YEAR 2017 BUDGET (ORDINANCE NUMBER 2016-6); PROVIDING FOR REPEAL; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. Ordinance.pdf, 2. FY 2016 Amendment 2 Attachment A (3).pdf, 3. FY 2017 Amendment I Attachment A .pdf

TO:                     Mayor and City Commission

 

FROM:                     Douglas E. Smith, City Manager

 

DATE:                     November 2, 2016

 

 

Title

AN ORDINANCE OF THE CITY OF MARGATE, FLORIDA, AMENDING FISCAL YEAR 2016 BUDGET (ORDINANCE NUMBERS 2015-2 AND 2015-7) AND FISCAL YEAR 2017 BUDGET (ORDINANCE NUMBER 2016-6); 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 2015/2016 and 2016/2017. 

 

 

 

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