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<br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3 I I 3 Fax <br />(305) 947-2150 Building Department <br />(305) 947-5 107 Fax <br /> <br />City Commission <br />Norman S. EdeIcup, Mayor <br />Roslyn Brezin, Vice Mayor <br />Lewis J. Thaler, Commissioner <br />Gerry Goodman, Commissioner <br />Danny Iglesias, Commissioner <br /> <br />A. John Szerlag, City Manager <br />Hans Ottinot, City Altorney <br />Jane A. Hines, City Clerk <br /> <br />MEMORANDUM <br /> <br />TO: The Honorable City Commission <br /> <br />FROM: A. John Szerlag, City Manager <br /> <br />DATE: July 20, 2006 <br /> <br />RE: Fiscal Year 2005/06 BUDGET AMENDMENTS <br /> <br />At this time we are proposing 2 amendments to our current budget. The first amendment is <br />contained within the general operating fund and is for $102,250.00. Funds will be coming from <br />the general fund contingency account. And since the requested amount of transfer is less than 1 % <br />of our contingency reserve, the amendment can be effected via resolution. <br /> <br />On the other hand, a Capital Fund transfer of $21,500.000.00 is being requested from various <br />funds which are identified in the attached memorandum from Finance Director Jean Watson. <br />Please note that $19,600,000.00 of this transfer is due to the tentative purchase of the 1920d <br />Street Park. <br /> <br />Because of the large amount of funds being transferred in the Capital Accounts, an ordinance is <br />required to affect this change. <br /> <br />AJS/iw <br /> <br />Attached <br /> <br />cc: Jean Watson, Finance Director <br />Doug Haag, Finance Consultant <br />Jorge L. Vera, Assistant City Manager <br />Hans Ottinot, City Attorney <br /> <br />Agenda Item <br /> <br />IOU <br /> <br />Comrni.<sion - FY200S-06 Budget Amendments Memo,Doc <br /> <br />Date <br />