Ordinance 2016-482-A - Laserfiche WebLink

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adopted by the City as its final budget for Fiscal Year 2016-2017 pursuant to Article 4.5 of the City Charter. Section 3. Third Public Hearing: Operating and Capital Improvement Budget. Due to notification by the Florida Department of Revenue of a TRIM Compliance Violation, a third public hearing is required to readopt a budget for the fiscal year commencing October 1, 2016 through September 30, 2017, set for Thursday, October 20, 2016, at 6:15 p.m., at 18070 Collins Avenue, Sunny Isles Beach, Florida. Section 4. Expenditure of funds appropriated in the budget authorized. Funds may be expended by, and with the approval of the City Commission in accordance with the provisions of the City Charter and applicable laws. Funds of the City shall be expended in accordance with the appropriations provided in the budget adopted by this Ordinance and shall constitute an appropriation of amounts specified therein. Supplemental appropriations and reduction of appropriations,if any,shall be made in accordance with Article 4.7 of the Charter of the City of Sunny Isles Beach. Section 5. Encumbrances. All outstanding encumbrances as of September 30,2017,shall lapse at that time. Lapsed encumbrances shall be re-appropriated in the 2017-2018 Fiscal Year. Section 6. Checks Issued. Except for payroll checks, checks issued from, or withdrawals made from accounts maintained by the City and public depositories, shall be signed by either the City Manager,the Deputy City Manager, the Finance Director or the City Clerk. Checks issued for greater than $5,000, shall require two signatures from the above positions. Section 7. Grants and Gifts. Each year,if and when the City of Sunny Isles Beach receives monies from any source,be it private or governmental,by grant, gift or otherwise,to which there is attached a condition of acceptance, any limitation regarding the use or expenditure of the funds so received need not be shown in the operating budget nor shall such budget be subject to amendment of expenditure as a result of the receipt of said monies,but said monies shall be disbursed and applied toward the purposes for which said funds were received. To ensure the integrity of the operating budget and the integrity of the monies received by the City under grants or gifts,all monies received as contemplated above must, upon receipt,be segregated in accounts based on general accounting principles and where appropriate, placed in separate and individual trusts and/or escrow accounts from which any money drawn may only be disbursed and applied within the limitations placed upon the gift or the grant as aforesaid. Section 8. Local and Federal Law Enforcement Trust Funds. The continuation of Local and Federal Law Enforcement Trust Funds is hereby authorized with said funds to be used to receive and expend monies in accordance with State and Federal laws without being included in the Operating and Capital Improvement Budget. For reporting purposes,the appropriate fund budgets may be amended to account for activities related to the Local and Federal Law Enforcement Trust Funds. Section 9. Post Audit provided. Each year,pursuant to Article 4.10 of the City Charter and Section 218.23(1)(b)Florida Statutes,the City Commission hereby provides for annual post audit of the City's financial account and where the City may be eligible to participate in State revenue sharing beyond the minimum entitlement in any fiscal year. The City Manager is authorized to take all action necessary to cause such post audit to be made by a certified public accountant or firm of such accounts in accordance with the law. 02016-Operating and Capital Outlay Budget FY 2016-17 Page 2 of 3