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Ordinance No. 2016-09 Amending Charter School Budget for FY 2015/2016 - May 3, 2016 ORDINANCE NO. 2016-09 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2015-04, WHICH ORDINANCE ADOPTED A CHARTER SCHOOL OPERATING AND CAPITAL BUDGET FOR THE AVENTURA CITY OF EXCELLENCE SCHOOL FOR FISCAL YEAR 2015/2016 (JULY 1 — JUNE 30) BY REVISING THE 2015/2016 FISCAL YEAR BUDGET DOCUMENT AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, upon the periodic review and analysis of current budgetary commitments and obligations, and based upon the projected needs and requirements of the Aventura City of Excellence School and upon the recommendations of the City Manager (and the concurrence of the Finance Director as to Accounting Principles), it is deemed necessary to adjust, amend and implement the 2015/2016 Operating and Capital Budget of the Aventura City of Excellence School as set forth in Exhibit "A" attached hereto and made a part hereof. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AS FOLLOWS: Section 1. The recitals contained in the preamble to this Ordinance are incorporated by reference herein. Section 2. The City Commission hereby authorizes the amendment of Ordinance No. 2015-04, which Ordinance adopted a budget for the 2015/2016 fiscal year for the Aventura City of Excellence School by revising the 2015/2016 budget as set forth on the attached Exhibit "A", which exhibit is deemed incorporated by reference as though set forth in full herein. City of Aventura Ordinance No. 2016-09 Section 3. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Ordinance. Section 4. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. The foregoing Ordinance was offered by Commissioner Narotsky, who moved its adoption on first reading. This motion was seconded by Commissioner Landman, and upon being put to a vote, the vote was as follows: Commissioner Enbar Cohen Yes Commissioner Teri Holzberg Yes Commissioner Denise Landman Yes Commissioner Marc Narotsky Yes Commissioner Howard Weinberg Yes Vice Mayor Robert Shelley Absent Mayor Enid Weisman Yes The foregoing Ordinance was offered by Commissioner Shelley, who moved its adoption on second reading. This motion was seconded by Commissioner Holzberg, and upon being put to a vote, the vote was as follows: Commissioner Enbar Cohen Yes Commissioner Teri Holzberg Yes Commissioner Marc Narotsky Yes Commissioner Robert Shelley Yes Commissioner Howard Weinberg Yes Vice Mayor Denise Landman Yes Mayor Enid Weisman Yes PASSED on first reading this 28th day of April, 2016. PASSED AND ADOPTED on second reading this 3rd day of May, 2016. Page 2 of 3 City of Aventura Ordinance No. 2016-09 NID WEISMAN, MAYOR e. ATTEST: ELLISA L. HORV H MC, CITY CLERK APPROVED AS TO LEGAL SUFFICIENC • CITY ATTORNEY J Page 3 of 3 EXHIBIT A Budget Amendments CHARTER SCHOOL FUND 190 2015/16 2015/16 2015/16 OBJECT ADOPTED AMENDED REVISED CODE CATEGORY BUDGET AMOUNT BUDGET Revenues State Shared Revenues 3359301 Best & Brightest Scholarship $ - $ 67,000 $ 67,000 SUBTOTAL $ - $ 67,000 $ 67,000 Total Amendments-Revenues $ 67,000' Expenditures Kto 3 1502 Bonuses $ 48,000 $ 43,000 $ 91,000 SUBTOTAL $ 48,000 $ 43,000 $ 91,000 4 to 8 1502 Bonuses $ 60,000 $ 24,000 $ 84,000 SUBTOTAL $ 60,000 $ 24,000 $ 84,000 Total Amendments-Expenditures $ 70-R0;