0719 98/99 FY BudgetAN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OICEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
1998 AND ENDING SEPTEMBER 30, 1999; WHICH BUDGET SETS FORTH
GENERAL FUND REVENUES OF $5,787,559. AND EXPENDITURES OF
$3,062,960. LEAVING A FUND BALANCE OF $2,724,599; PUBLIC
FACILITIES IMPROVEMENT FUND REVENUES OF $1,347,319. AND
EXPENDITURES OF $702,100. LEAVING A FUND BALANCE OF $649,219;
DEBT SERVICE REVENUES OF $249,006. AND EXPENDITURES OF
$199,365. LEAVING A FUND BALANCE OF $49,641; LAW ENFORCEMENT
SPECIAL FUND REVENUES OF $2,904. AND EXPENDITURES OF -0-
LEAVING A FUND BALANCE OF $2,904; EMERGENCY AND DISASTER
RELIEF REVENUES OF $482,500. AND EXPENDITURES OF $148,500.
LEAVING A FUND BALANCE OF $334,000; PROVIDING AN EFFECTIVE
DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF OKEECHOBEE, FLORIDA AS FOLLOWS:
SECTION 1: The City Council of the City of Okeechobee, Florida, after having held a
public hearing on the annual budget, including General Fund, Public
Facilities Improvement Fund, Debt Service, Law Enforcement Special
Fund, Emergency and Disaster Relief Fund, hereby adopts as its annual
budget the expenditures, as fully set forth below, for the City of
Okeechobee for the fiscal year beginning October 1, 1998 and ending
September 30, 1999.
GENERAL FUND
ORDINANCE NO. 719
Revenues
Fund Balance $2,753,645.
Ad Valorem Taxes 4.94 Millage 810,947.
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees Occ. Lic. Fee) 893,522.
Intergovernmental Revenue 739,100.
Charges for Current Services 225,540.
Fines, Forfeitures and Penalties 22,225.
Uses of Money and Property 159,000.
Other Revenues .53,880.
Operating Transfer -in from Public Facilities 75,000.
Operating Transfer -in from Emergency Disaster Relief Fund 55,000.
TOTAL REVENUES $5,787,559.
Expenditures
Legislative 758,312.
Executive 67,211.
City Clerk 99,404.
Financial Services 100,802.
Legal Counsel 29,700.
General Governmental Services 215,320.
Law Enforcement 1,070,097.
Fire Protection 704,661.
Public Facilities Maintenance 684,903.
TOTAL EXPENDITURES $3,062,960.
FUND BALANCE $2,724,599.
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PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $1,101,219.
Revenues 246,100.
TOTAL. REVENUES $1,347,319.
Expenditures $627,100.
Operating Transfer -Out 75,000.
TOTAL EXPENDITURES $702,100.
FUND BALANCE $645,219.
DEBT SERVICE
Revenues
Fund Balance 25,537.
Revenues 223,469.
TOTAL REVENUES $249,006.
TOTAL EXPENDITURES
FUND BALANCE
LAW ENFORCEMENT SPECIAL FUND
TOTAL EXPENDITURES
FUND BALANCE
EMERGENCY AND DISASTER RELIEF
SECTION 3: This ordinance shall be effective October 1, 1998.
199,365.
$49,641.
Revenues
Fund Balance $2,779.
Revenues 125.
TOTAL REVENUES $2,904.
-0-
$2,904.
Revenues
Fund Balance $472,500.
Revenues 10,000.
Total Revenues $482,500.
Expenditures 93,500.
Operating Transfer -Out 55,000.
TOTAL EXPENDITURES $148,500.
FUND BALANCE $334,000.
SECTION 2: That this ordinance was proposed, considered and adopted under the
provisions of Chapter 166 and 200.065 Florida Statues.
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Introduced for first reading and public hearing on the 10th day of September, 1998.
BONNIE THOMAS, CMC
CITY CLERK
Adopted after second reading and second public hearing on the 22nd day of September
1998.
BONNIE THOMAS, CMC
CITY CLERK
APPROVED FOR LEGAL SUFFICIENCY:
JOHN R. COOK, ATTORNEY
JAMES E. IURK
MAYOR
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