0804 02/03 FY Amended Budget ORDINANCE NO. 804
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2002 AND ENDING SEPTEMBER 30, 2003; WHICH BUDGET
SETS FORTH GENERAL FUND REVENUES OF $7,080,249.00 AND
EXPENDITURES OF $3,967,251.00, LEAVING A FUND BALANCE OF
$3,112,998.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES
OF $893,048.00 AND EXPENDITURES OF $507,204.00, LEAVING A FUND
BALANCE OF $385,844.00; DEBT SERVICE REVENUES OF $249,206.00
AND EXPENDITURES OF $199,365.00, LEAVING A FUND BALANCE OF
$49,841.00. CAPITAL PROJECTS VEHICLES REVENUES OF $912,626.00
AND EXPENDITURES OF $912,626.00 LEAVING A FUND BALANCE OF
—0 LAW ENFORCEMENT SPECIAL FUND REVENUES OF $37,328.00
AND EXPENDITURES OF $2,600.00, LEAVING A FUND BALANCE OF
$34,728.00; INDUSTRIAL DEVELOPMENT FUND REVENUES OF
$3,451,800.00, AND EXPENDITURES OF $3,451,800. 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 amended annual budget, including General Fund, Public Facilities
Improvement Fund, Debt Service Fund, Law Enforcement Special Fund and
Emergency and Disaster Relief 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, 2002 and ending September 30, 2003.
GENERAL FUND
Revenues
Fund Balance $3,181,165.00
Ad Valorem Taxes 6.6899 Millage 1,323,447.00
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees Occ. Lic. Fee) 1,107,391.00
Intergovernmental Revenue 857,731.00
Charges for Current Services 282,835.00
Fines, Forfeitures and Penalties 29,242.00
Uses of Money and Property 100,000.00
Other Revenues 38,438.00
Operating Transfer -in from Public Facilities 160,000.00
Total Revenues $7,080,249.00
Expenditures
Legislative 99 569.00
Executive 125,289.00
City Clerk 139,407.00
Financial Services 170, 703.00
Legal Counsel 100,500.00
General Governmental Services 289,895.00
Law Enforcement 1,217,891.00
Fire Protection 987,299.00
Road and Street Facilities 773,748.00
Operating Tranafer -Out to Capital Projects Vehicles 62,950.00
Total Expenditures $3,967,251.00
Fund Balance $3,112,998.00
Page 1 of 3
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance 538,905.00
Revenues 354,143.00
Total Revenues 893,048.00
Expenditures 347,204.00
Operating Transfer -Out 160,000.00
Total Expenditure 507,204.00
Fund Balance 385,844.00
DEBT SERVICE
Revenues
Fund Balance 112,124.00
Revenues 137,082.00
Total Revenues 249,206.00
Total Expenditures 199,365.00
Fund Balance 49,841.00
CAPITAL PROJECT VEHICLES
Revenues
Fund Balance -0-
Revenues 912,626.00
Transfer -In General Fund 62,950.00
Total Revenues 912,626.00
Expenditures
Total Expenditures 912,626.00
Fund Balance -0-
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance 31,028.00
Revenues 6,300.00
Total Revenues 37,328.00
Expenditures 2,600.00
Fund Balance 34,728.00
INDUSTRIAL DEVELOPMENT FUND
Revenues
Fund Balance -0-
Revenues 3,451,800.00
Total Revenues $3,451,800.00
Page 2 of 3
Expenditures
Total Expenditures $3,451,800.00
Fund Balance _0_
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, ,PiTRODUCED for first reading and public hearing on the 3` day of September, 2002.
J Kirk, Mayor
ATTEST:
Bonnie S. Thomas, CMC, City Clerk
ADOPTED after second reading and second public hearing on the 17 day of September, 2002.
l'es E. Kirk, Mayor
Bonnie S. homas, CMC, City Clerk
REVIEWED FOR LEGAL SUFFICIENCY:
John R. Cook, City Attorney
Page 3 of 3