0675 94/95 FY Budget ORDINANCE NO. 675
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1994 AND ENDING SEPTEMBER 30, 1995; WHICH
BUDGET SETS FORTH PUBLIC UTILITIES REVENUES OF
$12,434,184. AND EXPENDITURES OF $8,080,353., LEAVING A
FUND BALANCE OF $4,353,831, 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 Okeechobee, Florida, after having held a
public hearing on the annual budget, including Operating Fund, Debt Service
Fund, Improvement and Replacement Fund, Wastewater Collection System Fund,
Water Distribution System Construction Fund and Wastewater Treatment Plant
Fund, hereby adopts for its annual budget the receipts and expenditures, as
fully set forth below, for the City of Okeechobee for the fiscal year
beginning October 1, 1994 and ending September 30, 1995.
PUBLIC UTILITIES
Revenues
Operating Fund 2,475,146.
Debt Service Fund 1,648,787.
Improvement and Replacement Fund 1,031,374.
Wastewater Collection System Fund 5,000.
Wastewater Treatment Plant Fund 6,096,529.
Water Distribution System Construction Fund 1.177.348.
Total Funding Sources $12,434,184.
Expenditures
Operating Fund 2,358,050.
Debt Service Fund 1,319,994.
Improvement and Replacement Fund 1,021,620.
Water Treatment Plant Const. Fund 5,000.
Wastewater Treatment Plant Fund 2,200,000.
Water Distribution System Construction Fund 1.175.689.
Total Expenditures 8,080,353
Fund Balance 4,353,831.
TOTAL
$12,434,184.
Section 2: That this ordinance was proposed, considered and adopted under
the provisions of Chapter 166 and 200.065 Florida Statutes.
Section 3: This ordinance shall be effective October 1, 1994.
Introduced for first reading and public hearing on the 6th day of September,
1994.
Jo 78 E. KIRK, MAYOR
ATTEST:
BONNIE 8. HOMAS, CMC, CITY CLERK
Adopted after second reading and second ublic hearing on the 20th day of
September, 1994.
4/
J E. KIRK, MAIOR
TTEST
BO' I$ 8. THOMAS, CMC, CITY CLERK