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Res No 141-12-13698RESOLUTION NO. 141-12-13698 A Resolution authorizing the transfer of $6,300.00 from account number 001 - 1330 -513 -4510, Liability Insurance, to account number 001 - 1330 - 513 -2510, Unemployment Compensation for $6,300.00. WHEREAS, there are funds budgeted for liability insurance in account 001- 1330 -513 -4510 which are no longer required for this purpose and there is a need for funds to the City's Unemployment Compensation liability; and WHEREAS, the Mayor and the City Commission desire to transfer sufficient funds from account 001 - 1330 -513 -4510, Liability Insurance with a current balance of $11,590.32 to account number 001 - 1330 -513 -2510, for $6,300.00, Unemployment Compensation, with a current balance of $.69. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. The Mayor and the City Commission approve the transfer of $6,300.00 from account number 001 - 1330 -513 -4510, Liability Insurance, to account number 001 - 1330 -513 -2510, Unemployment Compensation for $6,300.00. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 24thday of Jul READ ,A LANGU CITY VED AS TO FORM AND 2012. Approved: r / j MAYTiR Commission Vote: Mayor Stoddard: Vice Mayor Liebman: Commissioner Newman: Commissioner Harris: Commissioner Welsh: 5 -0 Yea Yea Yea Yea Yea CITY OF SOUTH MIAMI OFFICE OF THE HUMAN RESOURCES DIRECTOR INTER - OFFICE MEMORANDUM To: The Honorable Mayor & Members of the City Commission Thru: Hector Mirabile, Ph.D., City Manager From: Date: LaTasha Nickle, Human Resources irector July 17, 2012 Agenda Item V A Resolution relating to budget; authorizing a transfer of $6,300 from account No. Subject: 001- 1330 - 513 -4510 Liability Insurance to account No. 001- 1330 - 513 -2510 Unemployment Compensation, Background: There are insufficient funds in the Unemployment Compensation account to cover the tax period for 06/30/2012 Transfer Amount: $6,300.00 Transfer From: Account No. 00 1 - 1330-513-45 10 Liability Insurance with a current balance of $ 11,590632 Account No. account No. 001 -1330- 513 -2510 Unemployment Compensation a Transfer To: balance of $ .69 Backup Documentation: Account Balance Inquiries