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HomeMy WebLinkAboutCity of Tamarac Ordinance O-1973-022This Was introduced by C_i1----- CITY OF TAMARAC, FLORIDA ORDINANCE NO. OF-0 Temporary No.�_ AN ORDINANCE AMENDING SECTION 92 OF ARTICLE XIV OF THE CITY CHARTER OF THE CITY OF TAMAR4C RELATING TO CONTINGENCY RESERVE ACCOUNTS; PROVIDING AN EFFECTIVE DATE AND PROVIDING FOR VOTER APPROVAL BY REFERENDUM. WHEREAS, the City Council -is authorized to submit Charter Amendments to the electors of the City by referendum pursuant to the provisions of Section 166.17 FLORIDA STATUTES, and WHEREAS, the Council deems the subject amendment to be desirable. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE City of Tamarac, Florida: SECTION 1: That Section 92 of Article XIV of the City Charter of the City of Tamarac is hereby amended to read as follows: "The City Manager is authorized to establish contingency reserve accounts. Contingency reserve is hereby defined as a fund for unanticipated expenditures arising out of events occurring during the course of the budget year, included but not limited to annexation, population growth, litigation, legislation, and other special problems. A contingency reserve account shall not exceed 5% of the general fund budget and Sa of the Utility fund budget. No funds shall be expended from the contingency reserve account, but transfers of funds may be made from such account pro- vided that such proposed transfer has been made a part of the agenda of the Council Meeting at which such transfer is made. All other transfers of funds shall also be made by Council action at a meeting for which such proposed transfer has been listed as an agenda item. Inter -departmental transfers shall be considered appropriations and shall only be made after publication in one or more newspapers of general circulation in the City, of the time and place, not less than two (2) weeks after such publication, for a public hearing on such proposed appropriation.,, SECTION 2: That this amendment shall become effective upon approval by a majority of the electors voting in a referendum upon such amendment. SECTION 3: That the referendum on this Ordinance shall be held at the general election in the City of Tamarac, 1973. SECTION 4: This Ordinance shall become effective immediately upon its final passage. PASSED FIRST READING this // day of —/-,/ 1972. PASSED SECOND READING thisZl day of 1972. PASSED THIRD READING this Q_�Ny Of 1971. -MAYOR ATTEST: U1,11 CLEM - -LTA-��"' 7 � � f ';ECO.V�D.'..()F (;CJUNL;IL VOTE Mayor Seltman VtU' Mayor Unge Johnson Coll il(�l , Man S,' idr tz -issaro I HEREBY CERTIFY that I have approved t1.-o,- form arKt correctness of this CMD,,,ANCF, C11Y ATTORWE-Y-