0423 (Transferring Funds)ORDINANCE NO. 423
AN ORDER TRANSFERRING FUNDS WITHIN THE WATER AND SEWER BUDGET, ANTICIPATED
OPERATING EXPENSE ACCOUNT, OF THE BUDGET OF THE CITY OF OKEECHOBEE FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 1979, AND ENDING SEPTEMBER 30, 1980,
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City has incurred and expects to incur expenses over
and above those budgeted for in the Water and Sewer Budget for the current
fiscal year in certain line items, and,
WHEREAS, the City has not incurred and does not expect to incur
further expenses in certain other line items of the Water and Sewer Budget,
and,
WHEREAS, in order to properly meet it's obligations the City needs
to transfer funds that are remaining unused in certain accounts to accounts
that need said funds, and,
WHEREAS, the transfer authorized herein will not increase or
decrease the total operating budget of the City,
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF OKEECHOBEE,
FLORIDA:
Section 1. That the Clerk of the City is directed to transfer
from the following line accounts upon the City's books of the following
entries contained in the Water and Sewer Budget of the City of Okeechobee
for the fiscal year beginning October 1, 1979, and ending September 30, 1980,
to -wit:
From the anticipated water department capital program, water
system improvement; to the new storage building account;
$18,500. From anticipated operating revenue expense of the
chemical expense the sum of $21,100 to the following accounts
in the following amounts: Overtime, $2,000; Electricity,
$4,000; Disability Insurance, $200; Payroll Taxes, $900;
Equipment Repair, $4,000; Discrimination Suit, $10,000.
Section 2. Upon completion of said transfers the funds transferred
may hereafter be used for the permitted purposes for said accounts.
Section 3. This Ordinance was proposed, considered and adopted
in accordance with Florida Statute 166, and was enacted by no less than a
two - thirds vote of the City Council and shall become effective upon passage.
PASSED and ADOPTED this 12th day of Juney 980.
BONNIE THOMAS
City Clerk
City of Okeechobee, Florida
1
EDWARD W. DOUGLAS
President of City Council
City of Okeechobee, Florida