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Res No 074-11-1338810*101Rfj11 Eel 21Z A Resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to budget; authorizing a transfer of $5,010 from account No. 001 - 1310 -513 -3450, Contractual Services to account No. 001- 1310 -513 -5230, City Manager Fuel & Lubricant account currently with a negative balance of $2,364; providing and effective date. WHEREAS, it is requested that the budget for City Manager Fuel & Lubricant account be increased by $5,010 from Contractual Services, to City Manager Fuel & Lubricant account No. 001 -1310 -513 -5230 which currently has a negative balance; and, WHEREAS, it is essential to provide sufficient funds to City Manager Fuel & Lubricant account No. 001 - 1310 -513 -5230; the additional funds will make the account whole for the remainder of the fiscal year. The discrepancy in this account are the results of various economic factors; the price of gasoline increased higher than expected due to unforeseen political instability in major oil producing nations such as Egypt, Libya, Syria, Iran, and Saudi Arabia. Also contributing to the higher price for gasoline were the emerging market consumptions increase as well as the dollars devaluation as compared to other major currencies., and, WHEREAS, the Mayor and City Commission desire to transfer sufficient funds from account No. 001 - 1310 -513 -3450, Contractual Services, with a current balance of $29,830, to City Manager Fuel & Lubricant account No. 001 - 1310 -513 -5230, currently with a negative balance of $2,364, and, NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA; Section I. The Mayor and City Commission approve the transfer of $5,010 from account No. 001 -1310 -513 -3450, Contractual Services, with a current balance of $29,830, to City Manager Fuel & Lubricant account No. 001 - 1310 -513 -5230, with a negative balance of $2,364. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 3rd day of May 2011 ATTEST: APPROVED: C ior�,-rl �� Im COMMISSION VOTE: 5 =0 Mayor Stoddard: Yea Vice Mayor Newman: Yea Commissioner Beasley: Yea Commissioner Palmer: Yea Commissioner Harris: Yea South Miami p8•AlnerisaC'dy CITY OF SOUTH MIAMI 1 OFFICE OF THE CITY MANAGER INTER - OFFICE MEMORANDUM zoos To: The Honorable Mayor & Members of the City Commission From: Hector Mirabile, Ph.D., City Manager �!� 5 Date: May 3, 2011 (/ /'/ Agenda Item No.: A Resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to budget; authorizing a transfer of $ 5,010 from account No. Subject: 001 - 1310 -513 -3450 Contractual Service to account No. 001 -1310 -513 -5230, City Manager Fuel & Lubricant account with a negative balance of $2,364; providing and effective date. It is essential to provide sufficient funds to City Manager Fuel & Lubricant account No. 001 -1310- 513 -5230; the additional funds will make the account whole for the remainder of the fiscal year. The discrepancy in this account are Background: the results of various economic factors; the price of gasoline increased higher than expected due to unforeseen political instability in major oil producing nations such as Egypt, Libya, Syria, Iran, and Saudi Arabia. Also contributing to the higher price for gasoline were the emerging market consumptions increase as well as the dollars devaluation as compared to other major currencies. Transfer Amount: $5,010 Transfer From: 00 1 - 1310-513-3450 Contract Services; with a current balance of $ 29,830 Transfer To: 001 -1310- 513 -5230, City Manager Fuel & Lubricant with a current balance negative balance of $2,364. T =r v N � w t» CD w 0 w <a< � N G O o 0 N' @ to r n. z N S O �p 3 H ^p O << n o a m o N ova T a n f0 i N R O» r! 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Unposted expenditures . . . . . . Encumbered amount . . . . . . . . Unposted encumbrances . . . . . . Pre- encumbrance amount . . . . . . Total expenditures & encumbrances: Unencumbered balance . ... . . . . FS= Encumbrances F7= Project data F10= Detail trans Fll =Acct activity list 2,364.00- 4,728.00 .00 .00 .00 .00 2,364.00 2,364.00- F8 =Misc inquiry F12= Cancel 4/25/11 08:08:28 0% 0 F9 =Misc update F24 =Mare keys