0696 96/97 FY Budget ORDINANCE NO. 696
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF OKEECHOBEE,
FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1996 AND ENDING
SEPTEMBER 30,1997; WHICH BUDGET SETS FORTH GENERAL FUND REVENUES OF
$5,561,468 AND EXPENDITURES OF $2,803,585, LEAVING A FUND BALANCE OF
$2,757,883; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES OF $1,665,447, AND
EXPENDITURES OF $993,000, LEAVING A FUND BALANCE OF $671,447; DEBT SERVICE
REVENUES OF $229,856 AND EXPENDITURES OF $199,366 LEAVING A FUND BALANCE
OF $30,490; LAW ENFORCEMENT SPECIAL FUND REVENUES OF $2,663 AND
EXPENDITURES OF -0- LEAVING A FUND BALANCE OF $2,663; EMERGENCY AND
DISASTER RELIEF REVENUES OF $450,793 AND EXPENDITURES OF $93,275, LEAVING
A FUND BALANCE OF $357,518; CDBG GRANT REVENUES OF $536,813 AND
EXPENDITURES OF $536,813, LEAVING A FUND BALANCE OF 5 -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, afcr 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 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, 1996
and ending September 30, 1997.
GENERAL FUND
Revenues
Fund Balance 3,099,768
Ad Valorem Taxes 3.94 Millage 603,700
Other Taxes (Utility Taxes, Franchise Fccs Occ. Lic. Fcc) 676,500
Intergovernmental Revenue 719,100
Charges for Current Services 224,500
Fines, Forfeitures and Penalties 25,800
Uses of Money and Property 180,000
Other Revenues 32.100
Total Revenues $5,561,468
Expenditures
Legislative 63,055
Executive 96,210
Financial Services 105,510
Legal Counsel 30,000
City Clerk 83,000
General Governmental Services 185,180
Law Enforcement 1,148,770
Fire Protection 426,190
Public Facilities Maintenance 665.670
Total Expenditures $2.803585
Fund Balance $2,757,883
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $1,430,847
Revenues 233.600
Total Revenues $1,665,447
Total Expenditures 993.000
Fund Balance 671,447
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DEBT SERVICE
Revenues
Fund Balance 39,556
Local Option Gas Tax 189,600
Other Revenues 700
Total Revenues 229,856
Total Expenditures 199.366
Fund Balance 30,490
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance 2,513
Other Revenues 150
Total Revenues 2,663
Total Expenditures -0-
Fund Balance 2,663
EMERGENCY AND DISASTER RELIEF
Revenues
Fund Balance $440,793
Other Revenues 10,000
Total Revenues $450,793
Total Expenditures $93,275
Fund Balance $357 ,518
CDBG GRANT
Revenues
Fund Balance 11
Grant 536,802
Total Revenues $536,813
Total Expenditures $536.813
Fund Balance
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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, 1996.
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C;) Introduced for first reading and public hearing on the 3rd day of September 1996.
L JAMES E. KIM(
MAYOR
ATTEST:
-116 i lifd-
BONNIE THOMAS, CMC
CITY CLERK
Adopted after second reading and second public hearing on the 17th day of September
1996. r
L.---/L-e_ C
JAMES E. 'KIRK
MAYOR
ATTEST:
i
BONNIE THOMAS, CMC
CITY CLERK
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