HomeMy WebLinkAboutOrdinance 2012-382
ORDINANCE NO. 2012-.36..~
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY
OF SUNNY ISLES BEACH, FLORIDA, AMENDING SECTION
10 ENTITLED BUDGET PROCEDURES TO CREATE A NEW
SECTION ENTITLED EMERGENCY FUND BALANCE
RESERVE; REQUIRING BUDGET AMENDMENTS BE
APPROVED BY ORDINANCE; PROVIDING FOR REPEALER;
PROVIDING FOR SEVERABILITY; PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, Florida law requires the City Commission to adopt a balance budget each
year; and
WHEREAS, the purpose of this ordinance is to implement sound fiscal practices with
regard to the administration of reserve funds in the City of Sunny Isles Beach; and
WHERAS, the City Commission wishes to maintain an emergency reserve fund to
provide funding for emergency purposes.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing "WHEREAS" clauses are hereby ratified
and confirmed as being true and correct and are hereby made a specific part by this Ordinance
upon adoption hereof.
Section 2. Amendment. Section 10.1 of the City of Sunny Isles Beach Code of Ordinances is
hereby amended to read as follows:
S 10-1 Amendments to Budget.
A. Minor amendments. Transfers between line items or department accounts within
departmental budget or decreases in line items or department accounts not amounting
to more than 20% of the total budget of each department may be made by the City
Manager by written statement describing the transfers and the reasons therefore. A
copy of such statement shall be field with The City Clerk and delivered to the Mayor
and each of the City Commissioners. A copy shall also be posted at a conspicuous
place in City Hall. The transfers shall become effective 14 days after posting unless
the Mayor or any member of the City Commission notifies the City Manager that
he/she wishes the transfer to be placed upon the Agenda of the next City Commission
meeting for consideration by the entire City Commission. Appropriations for
expenditures within a fund may be decreased or increased by resolution, provided
Words added underlined, words 5tfiGkoo deleted (ed)
Page I of3
that the total of appropriations or the fund is not changed. A transfer considered by
the Commission must be approved by majority.
B. Other amendments. If a budget amendment is required for a purpose not specifically
authorized in paragraph "A" above, the budget amendment must be adopted by
ordinance. resolution of the City Commission.; provided, hov/ever, up to 1 % of the
contingency reserve fund may be transferred to any departmental budget by approval
of a duly enacted resolution.
C. TRIM Certification. Prior to the execution of the TRIM notice form commonly called
DR -420, the City Manager or Finance Director shall request approval by Resolution
the proposed operating millage rate for the fiscal year.
S 1 0-2 Grants and gifts.
S 1 0-3 Postaudit provided.
& 1 0-4 Emergency Fund Balance Reserve.
The City shall maintain a minimum emergency reserve fund balance in the General Fund
of at least $10 Million Dollars. The "Emergency Reserve Fund" shall be limited to the
following purposes:
A. To provide required emergency funding as a result of a declared emergency.
B. To provide required funding for an unanticipated but urgent threatening of the public
health, safety, and welfare of the City of Sunny Isles Beach.
C. The Emergency Reserve Fund shall only be utilized by resolution of the City
Commission for the reasons stated in subparagraphs "A" and "B" by a super-maiority
vote of the City Commission. For purposes of this Section, super-maiority means a 4-
1 vote of the City Commission. If the Emergency Reserve Fund is increased beyond
the minimum $10 Million Dollars amount, the restrictions stated in this section shall
not apply for use of reserve funds above the $10 Million Dollars minimum.
Section 3. Severability. The provisions of this Ordinance are declared to be severable and if
any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid
or unconstitutional, such decision shall not affect the validity of the remaining sections,
sentences, clause, and phrases of this Ordinance but they shall remain in effect, it being the
legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part.
Section 4. Inclusion in the Code. It is the intention of the Commission, and it is hereby
ordained, that the provisions of this Ordinance shall become and be made a part of the code of the
Words added underlined, words 5tfiGkoo deleted (ed)
Page 2 of3
City of Sunny Isles Beach, Florida; and that the sections of this Ordinance may be renumbered or
relettered to accomplish such intentions; and that the word "ordinance" shall be changed to
"section" or other appropriate word, as required.
Section 5. Repealer. All ordinances or part of ordinances in conflict herewith be and the
same are hereby repealed.
Section 6. Effective Date. This Ordinance shall be effective ten (10) days after adoption on
second reading.
PASSED and ADOPTED on first reading the jq-l-k day of f~IlP&..Y 2012.
PASSED and ADOPTED on second reading the ~ day of Ff..&\c.u~~ 2012.
ATTEST:
. ' C , ~ . k.
<=---.". ~f\I' , ~ ~
Jane A. Hines, CMC, City Clerk
; ~.-
APPROVED AS
AND LE6 -
/
Moved by:
c--()~ SGHDLL
~~\~~lnN'i:.R f'r;UDt.J
Seconded by:
Vote: S -D
Mayor Edelcup
Vice Mayor Thaler
Commissioner Aelion
Commissioner Gatto
Commissioner Scholl
-LL(Yes)
(/ (Yes)
~Yes)
~EY es)
--lL- (Yes)
_(No)
_(No)
_(No)
_(No)
_(No)
Words added underlined, words 5tfiGkoo deleted (ed)
Page 3 of3
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City of Sunny Isles Beach
18070 Collins Avenue
Sunny Isles Beach, Florida 33160
(305) 947-0606 City Hall
(305) 949-3113 Fax
MEMORANDUM
TO:
The Honorable Mayor and City Commission
FROM:
Norman S. Ede1cup, Mayor
DATE:
2/1612012
RE:
Ordinance Establishing Emergency Reserve Funds
RECOMMENDATION:
The attached Ordinance is presented for your approval.
REASONS:
One of the major responsibilities of the City Commission is to ensure fiscal stability. For
several years, the City has maintained a healthy reserve fund of $1 0 Million Dollars to be
used for emergency purposes.
To protect our rainy day fund and to ensure the availability of funds for man-made or
natural disasters, I am proposing the attached Ordinance to codify that the City must keep
a minimum of $1 0 Million Dollars as a rainy day fund.
Under the proposed Ordinance, the $10 Million Dollars rainy day fund must be used for
emergency purposes only. In order to use the rainy day funds, the City Commission is
required to approve any use of the funds by resolution upon a super majority vote, which
is 4-1.
Please note that any reserve fund above the $10 Million Dollars minimum can be used
without any restriction.
ATTACHMENTS:
.
Ordinance Establishing Emergency Reserve Funds
.
Notice of Public Hearing
http://sibagenda.sibfl.net/agenda/Preview.aspx?I temID=700&MeetingID=0&MeetingDate=... 2/7/2012