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2007-03 ORDINANCE NO. 2007-03 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2006-13 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2006/2007 FISCAL YEAR BY REVISING THE 2006/2007 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; 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 City and upon the recommendations of the City Manager (and the concurrence of the Finance Support Services Director as to Accounting Principles), it is deemed necessary to adjust, amend and implement the 2006/2007 Operating and Capital Budget 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. 2006-13, which Ordinance adopted a budget for the 2006/2007 fiscal year, by revising the 2006/2007 budget as set forth on the attached Exhibit "A" which exhibits are deemed incorporated by reference as though set forth in full herein. Section 3. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Ordinance. Ordinance No. 2007-03 Page 2 Section 4. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. The foregoing Ordinance was offered by Commissioner Stern, who moved its adoption on first reading. This motion was seconded by Commissioner Weinberg, and upon being put to a vote, the vote was as follows: Commissioner Zev Auerbach yes Commissioner Bob Diamond yes Commissioner Luz Urbaez Weinberg yes Commissioner Billy Joel yes Commissioner Michael Stern yes Vice Mayor Harry Holzberg yes Mayor Susan Gottlieb yes The foregoing Ordinance was offered by Commissioner Weinberg, who moved its adoption on second reading. This motion was seconded by Commissioner Joel and upon being put to a vote, the vote was as follows: Commissioner Zev Auerbach yes Commissioner Bob Diamond yes Commissioner Luz Urbaez Weinberg yes Commissioner Billy Joel yes Commissioner Michael Stern yes Vice Mayor Harry Holzberg yes Mayor Susan Gottlieb yes PASSED on first reading this 9th day of January, 2007. 2 Ordinance No. 2007-.Q,3 Page 3 PASSED AND ADOPTED on second reading this 6th day of February, 2007. APPROVED AS TO L*AL SUFFICIENCY: H~ r CITY ATTORNEY 3 EXHIBIT A Buciget ..t\mend~(!nts GEHERAL FUND 001 OBJECT CODE CATEG()RY Locally Leyied Taxes 3131000 Franchise Fee-Electric $ 2,191,840 500,000 SUBTOTAL $ 2,191,840 $ 500,000 Total Amendments-Revenues $ 500,000 EXPENDITURES Operating Non- Departmental - 590 3156 Performing Arts Center Study 13,000 4501 Insurance 840,000 104,000 SUBTOTAL $ 840,000 $ 117,000 Capital Expenditures Community Services - 541 6305 Road Resurfacing 0 35,000 6352 Ayentura Founders Park 252,000 300,000 SUBTOTAL $ 252,000 $ 335,000 CharterSchool-569 6307 Charter School Fencing 0 48,000 SUBTOTAL $ $ 48,000 Total Amendments-Expenditures $ 500,000 2006107 RIWiSED BUDGET 2,691,840 $ 2,691,840 13,000 944,000 $ 957,000 35,000 552,000 $ 587,000 48,000 $ 48,000