0705 97/98 FY Budget ORDINANCE NO. 705
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CtTY OF
OKEECI- IOBEE, FLORIDA, FOR TI -IE FISCAL YEAR BEGINNING OCTOBER 1,
1997 AND ENDING SEPTEMBER 30, 1998; WI- IICI -I BUDGET SETS FORTT-I
GENERAL FUND REVENUES OF $5,707,940. AND EXPENDITURES OF
$2,974,405. LEAVING A FUND BALANCE OF $2,733,535; PUBLIC
FACILITIES IMPROVEMENT FUND REVENUES OF $1,508,755. AND
EXPENDITURES OF $865,500. LEAVING A FUND BALANCE OF $643,255;
DEBT SERVICE REVENUES OF $249,185. AND EXPENDITURES OF
$199,365. LEAVING A FUND BALANCE OF $49,820; LAW ENFORCEMENT
SPECIAL FUND REVENUES OF $2,741. AND EXPENDITURES OF
LEAVING A FUND BALANCE OF $2,741; EMERGENCY AND DISASTER
RELIEF REVENUES OF $467,844. AND EXPENDITURES OF $93,500,
LEAVING A FUND BALANCE OF $374,344; CDBG GRANT REVENUES OF
$494,750. AND EXPENDITURES OF $494,750. LEAVING A FUND
BALANCE OF PROVIDING AN EFFECTIVE DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF OIKEECHOBEE, 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 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, 1997
and ending September 30, 1998.
GENERAL FUND
Revenues
Fund Balance $2,733,535.
Ad Valorem Taxes 4.94 Millage 752,900.
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees SL Occ. Lic. Fee) 852,000.
Intergovernmental Revenue 733,800.
Charges for Current Services 232,450.
Fines, Forfeitures and Penalties 29,000.
Uses of Money and Property 160,000.
Other Revenues 59,180.
Operating Transfer -in from Public Facilities 100,000.
Operating Transfer -in from Emergency Disaster Relief Fund 55,075.
TOTAL REVENUES $5,651,865.
Expenditures
Legislative $78,887.
Executive 67,094.
City Clerk 99,404.
Financial Services 100,362.
Legal Counsel 30,700.
General Governmental Services 214,292.
Law Enforcement 1,165,541.
Fire Protection 550,788.
Public Facilities Maintenance 667,337.
TOTAL EXPENDITURES $2,974,405.
FUND BALANCE $2,733,535.
1
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $1,285.555.
Revenues 223,200.
TOTAL REVENUES $1,508,755.
Expenditures $765,500.
Operating Transfer -Out 100,000.
TOTAL EXPENDITURES $865,500.
FUND BALANCE $643,255.
DEBT SERVICE
Revenues
Fund Balance $34,285.
Revenues 214,900.
TOTAL REVENUES $249,185.
TOTAL EXPENDITURES 199,365.
FUND BALANCE $49,820.
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance $2,616.
Revenues 125.
TOTAL REVENUES $2,741.
TOTAL EXPENDITURES -0-
FUND BALANCE $2,741.
EMERGENCY AND DISASTER RELIEF
Revenues
Fund Balance $457,844.
Revenues 10,000.
Total Revenues $467,844.
Expenditures 93,500.
Operating Transfer -Out 55,075.
TOTAL EXPENDITURES $148,575.
FUND BALANCE $374,344.
CDBG GRANT
Revenues
Fund Balance $3,832.
Revenues 490,918.
TOTAL REVENUES $494,750.
TOTAL EXPENDITURES $494,750.
FUND BALANCE -0-
2
SECTION 2: That this ordinance was proposed, considered and adopted under the
provisions of Chapter 166 and 200.065 Florida Statues.
SECTION 3: This ordinance shall be effective October 1, 1997.
Introduced for first reading and public hearing on the 8th day of ,September, 1997.
4 7�
4 5 /.,1(4,- Cho
JAMES E. KIRK
MAYOR
x
k
A I
BONNIE THOMAS, CMC
CITY CLERK
Adopted after second reading and second public hearing on the 23rd day of
Adopted
Sept m.b 1997.
1 4
c JAMES t. KIRK
r f" MAYOR
T:
BONNIE THOMAS, CMC
CITY CLERK
3