0608 '88/'89 FY Budget 1988 -1989
ORDINANCE NO. 608
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
1988 and ENDING SEPTEMBER 30, 1989; WHICH BUDGET SETS FORTH
GENERAL FUND REVENUES OF $1,862,125.00 and EXPENDITURES OF
$1,862,125.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES OF
$1798,373.00 and EXPENDITURES OF $628,895.00. leaving a fund
balance of $169,478.00; DEBT SERVICE REVENUES OF $264,680.00 AND
EXPENDITURES OF $101,550.00 LEAVING A FUND BALANCE OF $163,130.00
WITH DEBT SERVICE RESERVE OF $2,133.00: LAW ENFORCEMENT SPECIAL
FUND REVENUES OF $2,085.00 AND NO EXPENDITURES PROVIDING FOR AN
EFFECTIVE DATE:
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OKEECHOBEE, FLORIDA AS FOLLOWS:
Section I: 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 and Law Enforcement Special 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, 1988
and ending September 20, 1989.
GENERAL FUND
Revenues
Ad Valorem Taxes 434,450.00
Other Taxes (Utility taxes and franchise fees) 580,580.00
Intergovernmental Revenue 383,820.00
Charges for current services 116,010.00
Fines, forfeitures and penalties 52,750.00
Uses of money and property 2,000.00
Other revenues 13,850.00
Operating Transfer -In 278,665.00
Total $1,862,125.00
Expenditures
Legislative 52,170.00
Executive 81,400.00
Financial Services 75,890.00
Legal Council 18,000.00
City Clerk 59,550.00
General Governmental Services 200,080.00
Law Enforcement 669,285.00
Fire Protection 263,470.00
Public Facilities Maintenance 442,280.00
Total $1,862,125.00
PUBLIC FACILITIES IMPROVEMENT FUND
REVENUES
Fund Balance 525,403.00
Revenues 248,970.00
Other Revenues 24,000.00
798,373.00
Total Expenditures 628,895.00
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Fund Balance 169,478.00
DEBT SERVICE
III Revenues
Fund Balance 50,000.00
Revenues 212,680.00
Other Revenues 2.000.00
Total 264,680.00
Total Expenditures 101,550.00
Fund Balance 163,130.00
Debt Service Reserve 2,133.00
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance 1,995.00
Other Revenues 90.00
Total 2,085.00
Total Expenditures 0.00
Fund Balance 2,085.00
Section 2: That this ordinance was proposed, considered and
adopted under the provision of Chapter 166 and 200.065
Florida Statutes.
Section 3: This ordinance shall be effective October 1, 1988.
Introduced for first reading and public hearing on the 12th
day of September, 1988.
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LAND R. CHAPM MAYOR
ATTEST:
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BONNIE S. THOMAS, CMC
CITY CLERK
Adopted after second reading and second public hearing on
the 20th day of September, 1988.
ARLAND R. CH MAYOR
ATTEST:
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BONNIE S. THOMAS, CMC
CITY CLERK
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