0684 95/96 FY Budget ORDINANCE NO. 684
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1,1995 AND ENDING SEPTEMBER 30,1996; WHICH BUDGET
SETS FORTH GENERAL FUND REVENUES OF $5,477,800 AND
EXPENDITURES OF $2,713,505, LEAVING A FUND BALANCE OF
$2,764,295; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES OF
$1,577,094, AND EXPENDITURES OF $290,560, LEAVING A FUND
BALANCE OF $1,286,534; DEBT SERVICE REVENUES OF $290,033 AND
EXPENDITURES OF $237,729 LEAVING A FUND BALANCE OF $52,304;
LAW ENFORCEMENT SPECIAL FUND REVENUES OF $2,427 AND
EXPENDITURES OF -0- LEAVING A FUND BALANCE OF $2,427; CDBG
GRANT REVENUES OF $556,817 AND EXPENDITURES OF $556,817,
LEAVING A FUND BALANCE OF -0- 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, and CDBG Grant, 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, 1995 and ending September 30, 1996.
GENERAL FUND
Revenues
Fund Balance 3,000,000
Ad Valorem Taxes 3.94 Millage 575,800
Other Taxes (Utility Taxes, Franch. Fees Occ. Lic. Fee) 650,500
Intergovernmental Revenue 791,100
Charges for Current Services 197,500
Fines, Forfeitures and Penalties 25,800
Uses of Money and Property 205,000
Other Revenues 31100
Total Revenues $5,477,800
Expenditures
Legislative 59,695
Executive 99,650
Financial Services 127,390
Legal Counsel 20,000
City Clerk 82,630
General Governmental Services 203,490
Law Enforcement 976,420
Fire Protection 507,200
Public Facilities Maintenance 637.030
Total Expenditures $2.713.505
Fund Balance $2,764,295
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Nor
Fund Balance
$1,379,794
Revenues 197.300
Total Revenues $1,577,094
Total Expenditures 290.560
Fund Balance $1,286,534
DEBT SERVICE
Revenues
Fund Balance 49,773
Ad Valorem Taxes .26 Millage 37,900
Local Option Gas Tax 201,360
Other Revenues 1.000
Total Revenues 290,033
Total Expenditures 237,729
Fund Balance 52,304
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance 2,285
Other Revenues 142
Total Revenues 2,427
Total Expenditures -0-
Fund Balance 2,427
CDBG GRANT
Revenues
Fund Balance 3,556
Grant 553.261
Total Revenues $556,817
Total Expenditures $556.817
Fund Balance _0_
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, 1995.
Introduced for first reading and public heari the 5th day of September. 1995.
I E. KIRK, MAYOR
ATTEST:
Auo
BONNIE TIIOMAS, CMC, CITY CLERK
w Adopted after second reading and second i eating on the 19th day of September,
1995. M2
J3CdqES E. KIRK, MAYOR
AT'T'E'S'T':
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BONNIE THOMAS, CMC, CITY CLERK