5TilE CITY OF PLEASANT LIVING
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From:
Date:
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CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER-OFFICE MEMORANDUM
The Honorable Mayor & Members of the City Commission
Steven J. Alexander, City Manager
May 13,2014 Agenda Item No.: 5'
A Resolution relating to budget; authorizing a transfer of
$3,500 from Debt Service Principal, settlements account to
Debt Service Interest account for $500 and Debt Service
Fees account for $3,000.
It is requested that the budget for Debt Service Interest be
increased by $500 and Debt Service Fees be increased by
$3,000 from account No. 201.1410.519.71 10. It is essential
to provide sufficient funds for Debt Service Interest and
Debt Service Fees to reduce deficiencies in the
aforementioned budgeted line items.
Transfer Amount: $3,500
Transfer From:
Transfer To:
Account number 201.1410.519.71 10 Debt Service
Principal, with a current balance of $20,000.
$500 to account number 201.1410.519.7210, Debt Service
Interest, with a current balance of -$460 and $3,000 to
account number 201.1410.519.7310, Debt Service Fees,
with a current balance of -$2,927.
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RESOLUTION NO. _____ _
A Resolution relating to budget; authorizing a transfer of $3,500 from
Debt Service Principal, settlements account to Debt Service Interest
account for $500 and Debt Service Fees account for $3,000.
WHEREAS, it is requested that the budget for Debt Service Interest be increased by $500 and
Debt Service Fees be increased by $3,000 from account No. 201.1410.519.7110; and,
WHEREAS, It is essential to provide sufficient funds for Debt Service Interest and Debt
Service Fees to reduce deficiencies in the budgeted line items; and,
WHEREAS, the Mayor and City Commission desire to transfer sufficient funds from account
No. 201.1410.519.7110 Debt Service Principal, with a current balance of $20,000, settlements to
account No. 201.1410.519.7210 Debt Service Interest for $500, with a current balance of -
$460, and account No. 201.1410.519.7310 Debt Service Fees for $3,000, with a current balance
of -$2,927.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT;
Section I. The City Manager is hereby authorized to transfer sufficient funds in the amount of
$3,500 from account No. 201.1410.519.7110 Debt Service Principal, with a current balance of
$20,000, settlements to account No. 201.1410.519.7210 Debt Service Interest for $500, with a
current balance of -$460, and account No. 201.1410.519.7310 Debt Service Fees for $3,000,
with a current balance of -$2,927.
Section 2. This resqlution shall take effect immediately upon adoption.
PASSED AND ADOPTED this _ day of ____ , 2014.
ATTEST:
CITY CLERK
READ AND APPROVED AS TO FORM,
LANGUAGE, LEGALITY AND
EXECUTION THEREOF:
CITY ATTORNEY
APPROVED:
MAYOR
COMMISSION VOTE:
Mayor Stoddard:
Vice Mayor Harris:
Commissioner Welsh:
Commissioner Liebman:
Commissioner Edmond: