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HomeMy WebLinkAboutR-97-0156J-97-184 3/20/97 RESOLUTION NO. 9 s— 156 A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM SUBSIDIARY ACCOUNT NOS. 200358 AND 090194, IN THE APPROXIMATE AMOUNTS OF $62,875.69 AND $93,813.60 RESPECTIVELY, TO A SPECIAL REVENUE FUND ACCOUNT, SAID FUNDS COLLECTED FROM EXTERNAL SOURCES BY THE INTERNATIONAL TRADE BOARD TO FUND THE BOARD'S CONSULTANTS, PROGRAMS AND OPERATING BUDGET; AUTHORIZING THE DEPOSIT TO SAID SPECIAL REVENUE FUND ACCOUNT OF ANY ADDITIONAL FUNDS RECEIVED SUBSEQUENT TO THIS DATE; AUTHORIZING THE ALLOCATION OF SAID FUNDS AS DEEMED NECESSARY FOR ALL EXPENDITURES; PROVIDING THAT THE HEREIN AUTHORIZATIONS BE ONGOING AS REQUIRED BY THE INTERNATIONAL TRADE BOARD. WHEREAS, the City Commission adopted Motion No. 96-841 at its meeting of November 21, 1996, whereby the use of the funds remaining in the possession of the International Trade Board were to fund the Board's consultants, programs, and operating budget; and WHEREAS, said monies are currently being held in subsidiary accounts; and WHEREAS, in order to expend the funds and to receive sponsorships, contributions, grants and other revenue sources, said monies must be transferred to a newly designated special revenue fund account; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: L CITY COMMISSION MEETING OF MAR 2 n 1997 Resolution No. 97-- 156 Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The transfer of funds from Subsidiary Account Nos. 200358 and 090194, in the approximate amounts of $62,875.69 and $93,813.60 respectively, to a Special Revenue Fund Account is hereby authorized, said funds having been collected from external sources by the International Trade Board to fund the Board's consultants, programs and operating budget. Section 3. The deposit to said Special Revenue Fund Account is hereby authorized for any additional funds received subsequent to this date. Section 4. The allocation of said funds is hereby authorized for all expenditures, as deemed necessary. Section 5. The herein authorizations shall be ongoing as required by the International Trade Board. Section 6. This Resolution shall become effective immediately upon its adoption. s l PASSED AND ADOPTED this 20 h day of March- , 1997. i ATTEST: JOE CAROLLO, MAYOR I i TER J. CITY CLERK I APPROVED AS TO FORM AND CORRECTNESS: A'. QUI`PdN S , TI I CITY ATTQV4MY W1502/ROb/BSS/bjr L - 2 - 9"7- 156