2017-R-14 RESOLUTION 2017-R-14
A RESOLUTION OF THE CITY COUNCIL OF
EDGEWATER, FLORIDA, AMENDING THE 2016-2017
FISCAL YEAR BUDGET AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Edgewater, by Resolution 2016-R-29, adopted an operating
budget for Fiscal Year 2016-2017;and
WHEREAS, pursuant to Resolution 2011-R-20, Fund Balance Policy, the Utilization of
Reserves shall require the approval of the City Council by inclusion in the approved annual
budget(and revisions thereto); and
WHEREAS, the City of Edgewater, will be removing funds from investment holdings to
fund this budget amendment;and
WHEREAS, the budget adjustment increases revenues and expenditures by $419,695 in
Fund 001 (General Fund); and
WHEREAS,the budget adjustments will allow the City of Edgewater to adjust the Fiscal
Year 2016-2017 budget to allow for Hurricane Matthew expenses.
NOW,THEREFORE,be it resolved by the City Council of Edgewater, Florida.
Section 1. Amended Budget: The City Council of the City of Edgewater amends the
Fiscal Year 2016-2017 budget by an increase of$419,695 in total.
Fund 001 $419,695
Section 2. Effective Date. This Resolution shall become effective immediately upon
passage and adoption.
#2017-R-14
After motion to approve was made by C__(:)LI—qr.,-0,-) �: A
with Second by co, „„ Jr_ �'1`Zy�,z ; The vote on this
resolution is as follows:
AYE NAY
Mayor Michael Ignasiak
Councilwoman Christine Power
Councilwoman Amy Vogt
Councilman Daniel Blazi
Councilman Gary Conroy
PASSED AND DULY ADOPTED this 3rd day of April. 2017.
ATTEST: CITY COUNCIL OF THE
CITY OF EDGEWATER,FLORIDA
` / it64C
Robi�atusick Michael Ignasia
City Clerk/Paralegal Mayor
For the use and reliance only by the City of Approved by the City Council of the City of
Edgewater,Florida. Approved as to form Edgewater at a meeting held on this 3r'day
and legality by: of April,2017 under Agenda Item No. 8rr1
Aaron R. Wolfe,Esquire l
City Attorney
Doran,Sims, Wolfe&Ciocchetti
2
#2017-R-14