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Res No 177-16-14732RESOLUTION NO.177-16-14732 AResolutionrelating to budget;authorizingatransferof$5,000from Finance Contingency account,to Finance Professional Services account. WHEREAS,itis requested that $5,000 be transferred from account No. 001.1310.513.9920 Finance Contingency to account No.001.1410.513.3100 Finance Professional Services;and, WHEREAS,the funds from the Finance Professional Servicesline item willbe used to pay for the servicesfor required pensionactuaryimpact statements andprojection studies related to labor negotiations (AFSME,PBA LowerUnit,PBA Upper Unit);and, WHEREAS,the MayorandCityCommission desire to transfer sufficient fundsfrom account No.001.1310.513.9920 FinanceContingency,witha current balanceof$5,000,to account No.001.1410.513.3100 Finance Professional Services,witha current balance of $128. NOW THEREFORE BEIT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA THAT; Section 1,TheCity Manager is hereby authorized to transfer sufficient funds in the amount of $5,000 from account No.001.1310.513.9920 Finance Contingency,with a current balance of $5,000,to account No.001.1410.513.3100 Finance Professional Services,with a current balance of $128. Section 2.This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 20_dayof Septembey2Qi6. ATTEST: CITY CLERK READAND APPROVED AS TO FORM, LANGUAGE Jf^ALITY AND ttEOF: APPROVED: MAYO COMMISSION VOTE:5-0 Mayor Stoddard:Yea Vice Mayor Welsh:Yea Commissioner Harris:Yea Commissioner Liebman:Yea Commissioner Edmond:Yea WkA\South11 Miami THE CITY OF PLEASANT LIVING OFFICE OF THE CITY MANAGER INTER-OFFICE MEMORANDUM To:The Honorable Mayor &Members of the City Commission From:Steven J.Alexander,City Manager Date:September 20,2016 Agenda Item No. Subject:A Resolution relatingtobudget;authorizinga transfer of $5,000 from Finance Contingency account,to Finance Professional Services account. Background:Itis requested that the budget forFinance Professional Servicesbe increased by $5,000 from account No.001.1410.513.9920 Finance Contingency account.Itis essential to provide sufficient funds for Finance's Professional Services account for required pension actuary impact statements and projection studies related to labor negotiations (AFSME,PBA Lower Unit,PBA Upper Unit). Transfer Amount:$5,000 Transfer From:Account number 001.1410.513.9920 Finance Contingency,with a current balance of $5,000. Transfer To:Account number 001.1410.513.3100,Finance Professional Services,with a current balance of $128. Attachments:Resolution for approval.