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1998-08 Authorizing Transfer of Funds within 1997-98 Budget RESOLUTION NO. 98-08 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA, AUTHORIZING THE TRANSFER OF FUNDS WITHIN THE 1997-1998 BUDGET AS ESTABLISHED IN ORDINANCE NO. 97-16; AUTHORIZING THE TRANSFER OF FUNDS WITHIN THE CAPITAL PROJECTS FUND WHEREAS, the City Commission of the City of Parkland, Florida in accordance with Ordinance No. 97-16, Section 3, recognizes the necessity for the transfer of funds from one fund, account or department to another to provide and maintain a proper accounting for all financial transactions; and WHEREAS, the City Commission of the City of Parkland, Florida authorizes the transfer of funds within the Capital Projects Fund. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA: Section 1. That the City of Parkland hereby authorizes the transfer of funds within the Capital Projects Fund as described in Exhibit A attached hereto and made a part hereof Section 2. That the 1997-1998 Budget, as established by Ordinance No. 97-16 shall be amended to reflect the changes in accordance with Exhibit A attached hereto. Section 3. That all Resolutions or parts of Resolution in conflict herewith are hereby repealed to the extent of such conflict. Section 4. That this Resolution shall be in full force and effect immediately upon its passage and adoption. PASSED AND ADOPTED THIS 4 DAY OF MARCH ,1998. CITY OF PARKLAND, FLORIDA SAL1f:~ ATTEST: , );~~_ (2_ /~ SUSAN ARMSTRONG, C.M.C. CITY CLERK RESOLUTION NO. 98-08 RESOLUTION NO. 98-08 EXHIBIT A BUDGET AMENDMENT PROPOSED CAPITAL PROJECT' FUND - 306: FUND ACCOUNT PAGE NUMBER INCREASE DECREASE 49 384.005 Borrowing Proceeds $ 621,000 50 381.205 PnorYearCanyover $ 621,000 51 506.505 Construction in Progress $ 407,500 51 506.998 Reserve for Capital Improvements $ 407,500 Page 1