Title
A Resolution Amending the City FY 2020 Budgets
Summary
A resolution prepared by the Finance Department to amend various operational accounts and transfers accounts for unexpected events that occurred during the year.
...Body
WHEREAS, there is a need to make amendments to the budgets of various City Funds.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama as follows:
SECTION 1: Increase in the amount of $28,797 to account 100-1012-4710 Miscellaneous One Time Revenue for unexpected revenue received during the year.
SECTION 2: Increase in the amount of $100,000 to account 100-1012-4800 Sale-Land & Equipment for the sale of City Building.
SECTION 3: Increase in the amount of $3,600 to account 100-1012-4802 Sale-Railroad ROW for the unexpected sale of railroad right of way.
SECTION 4: Amends the budget for the follow accounts, Increase of $51 to account # 100-1012-4821 Transfer from other funds, Increase of $51 to account # 301-8000-8000 Transfer to General Fund, and Increase of $51 to account # 301-1012-4600 Interest Income.
SECTION 5: Amends the budget for the following transfer accounts, Increase of $1,060 to account # 100-8000-8009 Transfer to PASFCD-operations and Increase of $55 to account # 100-8000-8011 Transfer to PCEFCD-Operations.
SECTION 6: Amends the budget for the following transfer accounts, Increase of $53,316 to account # 100-8100-8010 Transfer to 2019 GO and account # 306-1012-4810 Transfer from General Fund.
SECTION 7: Amends the budgets for the following accounts, increase of $10,000 to account # 100-1012-6111 Contracts for Public Purpose, increase of $26,600 to account # 100-1012-6123 Public Street Lighting and increase of $30,000 to account 100-9200-6998 Misc One Time Expense.
SECTION 8: This Resolution shall become effective immediately upon its adoption as required by law.