HomeMy WebLinkAboutCity of Tamarac Ordinance O-2007-005Temp. Ordinance #2129-January 12, 2007
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CITY OF TAMARAC, FLORIDA
ORDINANCE NO. 2007-���
AN ORDINANCE OF THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA; AMENDING CHAPTER 6
OF THE CITY OF TAMARAC CODE OF ORDINANCES,
ENTITLED "FINANCE AND TAXATION", BY AMENDING
ARTICLE II, ENTITLED "FEES AND FUNDS";
SPECIFICALLY CREATING SECTION 6-41, TO BE
ENTITLED "FUND BALANCE POLICY"; PROVIDNG THE
CITY MANAGER WITH THE AUTHORITY TO ADJUST
FUNDING IN ORDER TO BALANCE THE BUDGET WITH
OR WITHOUT THE APPROVAL OF THE CITY
COMMISSION; PROVIDING FOR CODIFICATION;
PROVIDING FOR CONFLICT; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the City of Tamarac (hereinafter referred to as the "City"), pursuant
to Article VI of the City Charter, is required to perform an audit of the City's funds at the
end of each fiscal year to determine the exact balance of the City's fund; and
WHEREAS, the City Commission, in an effort to ensure fiscal efficiency and
maintain a prudent level of financial resources, desires to authorize the City Manager, or
his or her designee, to allocate surplus capital in order to balance the budget and
protect against fiscal deficiencies resulting from revenue shortfalls or unexpected
expenditures; and
WHEREAS, the City Commission further desires that only ten percent (10%) of
the City's budget shall remain undesignated; and
WHEREAS, currently the City's ability to allocate City funds is prolonged
because of the present budgetary procedure; and
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Temp. Ordinance #2129-January 12, 2007
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WHEREAS, the Director of Financial Services recommends that Chapter 6,
Finance and Taxation, Article II. Fees and Funds, Section 6-41, Fund Balance Policy
be created in the Tamarac Code of Ordinances to address inconsistencies which
currently exist in the financial reporting requirements for the City; and
WHEREAS, the City Commission deems it to be in the best interests of the City
to create Section 6-41 of the City's Code of Ordinances, to be entitled "Fund Balance
Policy", providing the City Manager, or his or her designee, with the authority to adjust
funding allocation in order to ensure a balanced budget.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA THAT:
SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and
confirmed as being true and correct and are hereby made a specific part of this
Ordinance upon adoption hereof.
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Temp. Ordinance #2129-January 12, 2007
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SECTION 2: The City Commission of the City of Tamarac hereby amends
Chapter 6, entitled "Finance and Taxation," of the City of Tamarac Code of Ordinances
by amending Article II, entitled "Fees and Funds"; by creating Section 6-41, to be
entitled "Fund Balance Policy", as follows:
Sec. 6-41 Fund Balance Policy
The City Manager, or his or her designee, is hereby authorized, to
allocate or reallocate funds in order to provide for a balanced budget and
protect against temporary revenue shortfalls or unexpected
expenditures. Such reallocated funds shall come from the portion of the
City's budget that remains undesignated in order to ensure that only ten
percent (10%) of such budget remains undesignated, in accordance with
Section 7.03 of the City Charter. Such adjustments shall thereafter be
reported to the City Commission by the City Manager.
SECTION 3: It is the intention of the City Commission of the City of Tamarac
that the provisions of this Ordinance shall become and be made a part of the Code of
Ordinances of the City of Tamarac, Florida, and that the Sections of this Ordinance
may be renumbered, re -lettered and the word "Ordinance" may be changed to
"Section," "Article" or such other word or phrase in order to accomplish such intention.
SECTION 4: All Ordinances or parts of Ordinances, Resolutions or parts of
Resolutions in conflict herewith are hereby repealed to the extent of such conflict.
SECTION 5: If any provision of this Ordinance or the application thereof to any
person or circumstances is held invalid, such invalidity shall not affect other provisions
or applications of this Ordinance that can be given affect without the invalid provision or
application, and to this end the provisions of this ordinance are to be severable.
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Temp. Ordinance #2129-January 12, 2007
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SECTION 6: This Ordinance shall become effective immediately upon adoption
PASSED, FIRST READING this c7-- DAY OF _
PASSED, SECOND READING this !L DAY OF
ATTEST:
MARION SWENSON, CMC
CITY CLERK
I HEREBY CERTIFY that
I have approved this
ORDINANCE as to form:
SAMUEL S. GOREN
CITY ATTORNEY
MAYOR BETH T.
RECORD OF COMMISSION VOTE:
MAYOR TALABISCO
DIST 1:
V/M PORTNER
DIST 2:
COMM. ATKINS-GRAD
DIST 3:
COMM. SULTANOF
DIST 4:
COMM. DRESSLER
2007.
.2007.
RECORD OF COMMISSION VOTE: 2ND Reading
MAYOR TALABISCO
DIST l: V/M PORTNER
DIST 2: COMM. ATKINS-GRAD
DIST 3: COMM. SULTANOF
DIST 4: COMM. DRESSLER
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