0779 01/02 FY Budget ORDINANCE NO. 779
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2001 AND ENDING SEPTEMBER 30,2002; WHICH BUDGET
SETS FORTH GENERAL FUND REVENUES OF $7,163,877.00 AND
EXPENDITURES OF $4,211,586.00, LEAVING A FUND BALANCE OF
$2,952,291.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES
OF $1,115,003.00 AND EXPENDITURES OF $585,204.00, LEAVING A
FUND BALANCE OF $529,799.00; DEBT SERVICE REVENUES OF
$249,206.00 AND EXPENDITURES OF $199,365.00, LEAVING A FUND
BALANCE OF $49,841.00; LAW ENFORCEMENT SPECIAL FUND
REVENUES OF $25,878.00 AND EXPENDITURES OF -0-, LEAVING A
FUND BALANCE OF $25,878.00; CAPITAL PROJECTS FUND
REVENUES OF $601,000.00 AND EXPENDITURES OF $600,000.00,
LEAVING A FUND BALANCE OF $1,000.00; INDUSTRIAL
DEVELOPMENT FUND REVENUES OF $3,751,800.00 AND
EXPENDITURES OF $3,751,800.00, LEAVING A FUND BALANCE OF -0-
PROVIDING AN EFFECTIVE DATE.
NOW, THEREFORE, BE IT ORDAINED 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 amended annual budget, including General Fund,
Public Facilities Improvement Fund, Debt Service Fund, Law Enforcement
Special Fund, Capital Projects Fund and Industrial Development 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, 2001 and
ending September 30, 2002.
GENERAL FUND
Revenues
Fund Balance 3,540,930.00
Ad Valorem Taxes 6.6899 Millage 1,214,601.00
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees Occ. Lic. Fee) 901, 517.00
Intergovernmental Revenue 862,960.00
Charges for Current Services 308,135.00
Fines, Forfeitures and Penalties 29,731.00
Uses of Money and Property 165,000.00
Other Revenues 41,003.00
Operating Transfer -in from Public Facilities 100,000.00
Total Revenues $7,163,877.00
Expenditures
Legislative 96,657.00
Executive 121,671.00
City Clerk 127,583.00
Financial Services 170,474.00
Legal Counsel 65,000.00
General Governmental Services 320,283.00
Law Enforcement 1,186,674.00
Fire Protection 842,287.00
Public Facilities Maintenance 680,957.00
Operating Transfer -out to Capital Projects Fund 600,000.00
Total Expenditures $4,211,586.00
Fund Balance $2,952,291.00
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PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance 784,228.00
Revenues 330,775.00
Total Revenues $1,115,003.00
Expenditures $485,204.00
Operating Transfer -Out 100,000.00
Total Expenditure 585.204.00
Fund Balance 529,799.00
DEBT SERVICE
Revenues
Fund Balance 62,180.00
Revenues 187,026.00
Total Revenues 249,206.00
Expenditures
Total Expenditures 199,365.00
Fund Balance 49,841.00
CAPITAL PROJECTS FUND
Revenues
Fund Balance -0-
Revenues 1,000.00
Transfer -In from General Fund 600,000.00
Total Revenues 601,000.00
Expenditures 600,000.00
Total Expenditures 600.000.00
Fund Balance 1,000.00
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance 20,743.00
Revenues 5,135.00
Total Revenues 25,878.00
Expenditures -0-
Total Expenditures -0-
Fund Balance 25,878.00
INDUSTRIAL DEVELOPMENT FUND
Revenues
Fund Balance -0-
Revenues 3,751,800.00
Total Revenues 3,751,800.00
Expenditures 3,751,800.00
Total Expenditures 3.751,800.00
Fund Balance -0-
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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, 2001.
INTRODUCED for first reading and public hearing on the 12 day of September, 2001.
James E. Kirk
Mayor
ATTEST:
Bonnie S. h mas, CMC
City Clerk
ADOPTED after second reading and second public hearing on the 27 day of September,
2001.
4.. ames E. Kirk
Mayor
MTTEST:
2
Bonnie S. homas, CMC
City Clerk
APPROVED FOR LEGAL SUFFICIENCY:
John R. Cook, City Attorney
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