|
<br />Section 4. Encumbrances. All outstanding encumbrances as of September 30, 2007, shall lapse at
<br />that time. Lapsed outlay encumbrances shall be re-appropriated in the 2007-2008 Fiscal Year.
<br />
<br />Section 5, Checks Issued. Except for payroll checks, checks issued from, or withdrawals made
<br />from accounts maintained by the City and public depositories, shall be signed by the City Manager (and
<br />if ~/she is nul a vailable;-tJre-A:ssistanreity-Manager);-and-the-Finance-Birector-~and-ifhe/shds-not
<br />available, the City Clerk). Checks issued for less than $5,000, and payroll checks shall only require the
<br />signature of the Finance Director.
<br />
<br />Section 6. Grants and Gifts. Each year, if and when the City of Sunny Isles Beach receives monies
<br />from any source, be it private or governrnental,-bygrant,giftorotherwise,to-which-there-isattached a-- -
<br />condition of acceptance, any limitation regarding the use or expenditure of the funds so received need
<br />not be shown in the operating budget nor shall such budget be subject to amendment of expenditure as a
<br />result of the receipt of said monies, but said monies shall be disbursed and applied toward the purposes
<br />for which said funds were received. To ensure the integrity of the operating budget and the integrity of
<br />the monies received by the City under grants or gifts, all monies received as contemplated above must,
<br />upon receipt, be segregated in accounts based on general accounting principles and where appropriate,
<br />placed in separate and individual trusts and/or escrow accounts from which any money drawn may only
<br />be disbursed and applied within the limitations placed upon the gift or the grant as aforesaid.
<br />
<br />Section 7. Post Audit provided. Each year, pursuant to Article 4.10 of the City Charter and Section
<br />218.23(1 )(b) Florida Statutes, the City Commission hereby provides for annual post audit of the City's
<br />financial account and may thereby be eligible to participate in revenue sharing beyond the minimum
<br />entitlement in any fiscal year. The City Manager is authorized to take all action necessary to cause such
<br />post audit to be made by a certified public accountant or firm of such accounts in accordance with the
<br />law.
<br />
<br />Section 8. Severability. The provisions of this Ordinance are declared to be severable and if any
<br />section, sentence, clause or phrase of this Ordinance shall, for any reason, be held invalid or
<br />unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses
<br />and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this
<br />Ordinance shall stand notwithstanding the invalidity of any part.
<br />
<br />Section 9,
<br />reading.
<br />
<br />Effective Date. This Ordinance shall be effective ten (10) days after adoption at second
<br />
<br />+"
<br />PASSED AND ADOPTED on first reading the ~ day of September, 2006.
<br />PASSED AND ADOPTED on second reading this ~day of September, 2006, at (. ',3fs'p.
<br />
<br />
<br />. ~ . \," I -, .
<br />" " ..,,, ~ ~..... (..
<br />( ../' .....::.\
<br />) '" /'
<br />/," ". I I ,".
<br />t)" ~:~. '\- ( \\~
<br />ATTEST: (,.", 'j','
<br />
<br />~:.~~,~:~
<br />Jane A. Hj~~~; CM9, Ci~,~\erk
<br />....... ~, _"'., ~ t
<br />, :t t.~. I.' i .
<br />~ . I . ><
<br />
<br />02006- Operating and Capital Ontlay Budget FY 2006/07
<br />
<br />Page 2 of3
<br />
|