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5To: Via: From: Date: South Miami The Honorable Mayor & Members of the City Commission Buford R. "Randy' Witt, Acting City Alfredo Riverol, Finance Director July 27, 2010 A Resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to budget; authorizing a transfer of $115,000.00 from account No. 001- 2100 -519- 321 I, Performance Audit, settlements to account No. 001 - Subject: 1500 -514 -3120 for $66,726.00, Professional Services Cost, and to account No. 001- 1500 -514 -3440 for $25,258.00, Consulting -Labor Attorney, and to account No. 001 -1500- 514 -3410 for $23,016.00, Litigation; providing an effective date. It is essential to provide sufficient funds for Professiona Background: Services cost, Consulting -Labor Attorney and Litigation accounts to maintain department objectives. Transfer Amount: $115,000.00 Transfer From: 001 - 2100 - 519 -321 1 Performance Audit; with a current balance of $115,000.00 001- 1500 -514 -3120 for $66,726.00, Professional Services Cost with a current balance of - $33,326.00, 001- 1500 -514- Transfer To: 3440 for $25,258.00, Consulting -Labor Attorney with a current balance of - $25,257.31 and 001 -1500 -514 -3410 for $23,016.00, Litigation with a current balance of $33,190.63. RESOLUTION NO. 2 A Resolution of the Mayor and City Commission of the City of South Miami, Florida, 3 relating to budget; authorizing a transfer of $115,000.00 from account No. 001 -2100- 4 519 -3211, Performance Audit, settlements to account No. 001 - 1500 -514 -3120 for 5 $66,726.00, Professional Services Cost, and to account No. 001- 1500 -514 -3440 for 6 $25,258.00, Consulting-Labor Attorney, and to account No. 001 - 1500 -514 -3410 for 7 $23,016.00, Litigation; providing an effective date. 9 WHEREAS, it is requested that the budget for Professional Services Cost with a current balance 10 of - $33,326.00 be increased by $66,726.00, Consulting -Labor Attorney with a current balance of - 11 $25,257.31 be increased by $25,258.00 and Litigation with a current balance of $33,190.63 be increased by 12 $23,016.00, from account No. 001- 2100 -519 -3211, Performance Audit with a current balance of 13 $115,000.00; and, 14 WHEREAS, it is essential to provide sufficient funds for Professional Services Cost, Consulting- 15 Labor Attorney and Litigation accounts to maintain department objectives; and, 16 WHEREAS, the Mayor and City Commission desire to transfer sufficient funds from account No. 17 001 - 2100 - 519 -3211, Performance Audit, settlements to account No. 001 - 1500 -514 -3120, Professional 18 Services Cost for $66,726.00, and to account No. 001 - 1500 -514 -3440 for $25,258.00, Consulting -Labor 19 Attorney and to account No. 001 - 1500 -514 -3410 for $23,016.00, Litigation; and, 20 NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF 21 THE CITY OF SOUTH MIAMI, FLORIDA; 22 Section 1. The Mayor and City Commission approve the transfer of 115,000.00 from account No. 001- 23 2100 - 519 -3211, Performance Audit, with a current balance of $115,000.00, settlements to account No. 001- 24 1500 -514 -3120 for $66,726.00, Professional Services Cost, and to account No. 001- 1500 -514 -3440 for 25 $25,258.00, Consulting -Labor Attorney, and to account No. 001- 1500 -514 -3410 for $23,016.00, Litigation; 26 providing an effective date. 27 Im 29 30 31 32 33 34 35 36 37 38 39 Section 2. This resolution shall take effect immediately upon approval. PASSED AND ADOPTED this_ day of 2010 ATTEST: APPROVED: CITY CLERK MAYOR READ AND APPROVED AS TO FORM: CITY ATTORNEY COMMISSION VOTE: Mayor Stoddard: Vice Mayor Newman: Commissioner Beasley: Commissioner Palmer: Commissioner Harris: