0807 02/03 FY Budget ORDINANCE NO. 807
AN ORDINANCE ADOPTING AN AMENDMENT TO ORDINANCE NO. 804
GENERAL FUND 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 $7,671,770.00 AND EXPENDITURES OF
$4,435,251.00 LEAVING A FUND BALANCE OF $3,236,519.00; CAPITAL
PROJECTS FUND REVENUES OF $468,319.00 AND EXPENDITURES OF
$468,000.00 LEAVING A FUND BALANCE OF $319.00; 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, 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, 2002
and ending September 30, 2003.
GENERAL FUND
Revenues
Fund Balance $3,772,686.
Ad Valorem Taxes 6.6899 Millage 1,323,447.
Other Taxes (Ins. Prem. Tax, Utility Taxes, Franchise Fees Occ. Lic. Fee) 1,107,391.
Intergovernmental Revenue 857,731.
Charges for Current Services 282,835.
Fines, Forfeitures and Penalties 29,242.
Uses of Money and Property 100,000.
Other Revenues 38,438.
Operating Transfer -in from Public Facilities 160.000.
Total Revenues $7,671,770.
Expenditures
Legislative $99,569.
Executive 125,289.
City Clerk 139,407.
Financial Services 170,703.
Legal Counsel 100,500
General Governmental Services 289,895.
Law Enforcement 1,217,891.
Fire Protection 987,299.
Public Facilities Maintenance 773,748.
Operating Transfer -out to Capital Projects Fund 468,000.
Operating Transfer -Out to Capital Projects Fund Vehicles 62,950.
Total Expenditures $4,435,251.
Fund Balance $3,236,519.
CAPITAL PROJECTS FUND
Revenues
Fund Balance 269
Revenues 50.
Transfer -in General Fund 468.000.
Total Revenues $468,319
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Expenditures
Improvements -Fire Station $468,000.
Total Expenditure $468,000.
Fund Balance 319.
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, 2002.
INTRODUCED for first reading and public hearing on the 15"' day of October, 2002.
James E. Kirk
Mayor
ATTEST:
Bonnie S. Thomas, CMC
City Clerk
ADOPTED after second reading and public hearing on the 5"' day of November, 2002.
James E. Kirk
Mayor
ATTEST:
Bonnie S. Thomas, CMC
City Clerk
REVIEWED FOR LEGAL SUFFICIENCY:
Jo n Cook
City Attorney
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