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21-1587 Budget Amendment RESOLUTION NO. 21-1587 A RESOLUTION OF THE CITY OF LONGWOOD, FLORIDA,. AMENDING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022, WITH AN INTERFUND TRANSFER FROM THE ARPA FUND TO THE GENERAL FUND; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS,the City Commission of the City of Longwood, Florida, has determined that the Budget for fiscal Year 2021/2022 should be amended; and WHEREAS, Florida Statutes, Section 166.241(4) requires the governing body amend the budget in the same manner as the original budget is adopted; and WHEREAS, the City Commission adopted the final budget for fiscal year 2021/2022 through Ordinance No. 21-2209 on September 20, 2021. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA,AS FOLLOWS: SECTION 1. BUDGET AMENDMENT: The City Commission of the City of Longwood hereby amends the Fiscal Year 2021/2022 budget appropriations in the amount of $1,545,000, with the use of General Fund Reserves in the amount of$57,214, and an Interfund Transfer from the ARPA Fund (120) to the General Fund (001) in the amount of $1,487,786, to account for reduction in revenue due to the Covid-19 public health emergency, pursuant to sections 602(c)(1)(C) of the American Rescue Plan Act, as depicted in Exhibit "A" which is hereby attached and made part of this Resolution by reference thereto. SECTION 2.SEVERABILITY:It is hereby declared to be the intention of the City Commission that the sections, paragraphs, sentences, clauses and phrases of this Resolution are severable, and if any phrase, clause, sentence, paragraph or section of this Resolution shall be declared unconstitutional by the valid judgment or decree of a court of competent jurisdiction, such Resolution No.21-1587 Page 1 of 2 unconstitutionality shall not affect any of the remaining phrases, clauses,sentences, paragraphs and sections of this Resolution. SECTION 3. EFFECTIVE DATE: This Resolution shall take effect upon final passage and adoption. PASSED AND ADOPTED THIS 6th DAY OF DECEMBER 2021. City of Longwood, Florida Brian D. Sackett, yor ATTEST: L , F , tyClerk Approved as to form and legality for the use and rel. the Cit of Longwood, Florida, only. Daniel W. , City orney Resolution No.21-1587 Page 2 of 2 CITY OF LONGWOOD EXHIBIT"A" - RESOLUTION 21-1587 FY2021/2022 BUDGET AMENDMENT#2022-002 INTERFUND TRANSFER I Account Number Account Name Change Change I 120-0000-223-0000 DEFERRED REVENUE 1,487,786.00 120-0000-332-0000 FINANCIAL ASSISTANCE/FEDERAL SOURCE 1,487,786.00 _ 1,487,786.00 1,487,786.00I To recognize deferred revenue. I Account Number Account Name Change Change 120-5999-999-9810 USE OF FUND BALANCE 1,487,786.00 120-1600-513-9300 TRANSFER OUT FROM 1,487,786.00 I 1,487,786.00 1,487,786.00 I To set Budget for Transfer Out. Account_Number Account Name Change. Change 120-1600-513-9300 TRANSFER OUT FROM 1,487,786.00 120-0000-104-0000 CASH 1,487,786.00 001-0000-382-4000 TRANSFER IN TO 1,487,786.00 001-0000-104-0000 CASH 1,487,786.00 2,975,572.00 2,975,572.00 To record Interfund Transfer from Fund 120 to Fund 001. I__Account Number Account Name Change _ Change ] 001-0000-382-4000 TRANSFER IN TO 1,487,786.00 001-2800-522-6100 CAPITAL- LAND 1,487,786.00 J 1,487,786.00 1,487,786.00 To set Budget in the Capital line. f Account Number Account Name Change Change . 001-9999-599-9810 RESERVES 57,214.00 Page 1 of 2 CITY OF LONGWOOD EXHIBIT"A" - RESOLUTION 21-1587 FY2021/2022 BUDGET AMENDMENT#2022-002 INTERFUND TRANSFER 001-2800-522-6100 CAPITAL- LAND 57,214.00 57,214 0'0 57,214.90..I To set Budget in the Capital line. Budget Amendment from Reserves. Page 2 of 2