0837 03/04 FY Budget ORDINANCE NO. 837
• AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1,2003 AND ENDING SEPTEMBER 30,2004;WHICH BUDGET
SETS FORTH GENERAL FUND REVENUES OF $8,594,248.00 AND
EXPENDITURES OF $4,317,265.00, LEAVING A FUND BALANCE OF
$4,276,983.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES
OF$792,001.00 AND EXPENDITURES OF$387,000.00, LEAVING A FUND
BALANCE OF$405,001.00; DEBT SERVICE REVENUES OF$225,031.00
AND EXPENDITURES OF $199,365.00, LEAVING A FUND BALANCE OF
$25,666.00; CAPITAL IMPROVEMENT PROJECTS-VEHICLES
REVENUES OF $928,472.00 AND EXPENDITURES OF $928,472.00,
LEAVING A FUND BALANCE OF -0-; LAW ENFORCEMENT SPECIAL
FUND REVENUES OF $32,244.00 AND EXPENDITURES OF $9,600.00,
LEAVING A FUND BALANCE OF $22,644.00; INDUSTRIAL
DEVELOPMENT FUND REVENUES OF $3,053,355.00 AND
EXPENDITURES OF $3,053,355.00, 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 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, 2003
and ending September 30, 2004.
GENERAL FUND
Revenues
Fund Balance $4,275,706.00
Ad Valorem Taxes - 7.1899 Millage 1,514,278.00
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees& Occ. Lic. Fee) 1,200,653.00
Intergovernmental Revenue 963,181.00
Charges for Current Services 312,750.00
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 Improvement Fund 160,000.00
Total Revenues $8,594,248.00
Expenditures
Legislative $ 103,542.00
Executive 133,336.00
City Clerk 144,677.00
Financial Services 168,061.00
Legal Counsel 98,370.00
General Services 298,185.00
Law Enforcement 1,390,985.00
• Fire Protection 1,036,770.00
Road and Street Facilities 865,077.00
Operating Transfer-Out to Capital Improvement Projects -Vehicles 78,262.00
Total Expenditures $4,317,265.00
Fund Balance $4,276,983.00
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PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $492,784.00
Revenues 299,217.00
Total Revenues $792,001.00
•
Expenditures $227,000.00
Operating Transfer-Out 160,000.00
Total Expenditures $387,000.00
Fund Balance $405,001.00
DEBT SERVICE
Revenues
Fund Balance $ -0-
Revenues 225,031.00
Total Revenues $225,031.00
Expenditures $199,365.00
Total Expenditures $199,365.00
Fund Balance $ 25,666.00
CAPITAL IMPROVEMENTS PROJECTS FUND -VEHICLES
Revenues
Fund Balance $ -0-
Revenues 850,210.00
Transfer-In General Fund 78,262.00
Total Revenues $928,472.00
Expenditures $928,472.00
Total Expenditures $928,472.00
Fund Balance $ -0-
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance $25,944.00
Revenues 6,300.00
Total Revenues $32,244.00
Expenditures $ 9,600.00
Total Expenditures $ 9,600.00
Fund Balance $22,644.00
INDUSTRIAL DEVELOPMENT FUND
Revenues
Fund Balance $ 27,055.00
Revenues 3,026,300.00
• Total Revenues $3,053,355.00
Expenditures $3,053,355.00
Total Expenditures $3,053,355.00
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, 2003.
•
INTRODUCED for first reading and public hearing on the 8th day of September, 2003.
•
' L r
. A ES E. KIR , MAYOR
ATTEST:
/ I t_ -1tt - � �z (
LANE GAMIOTEA, CITY CLERK
ADOPTED after second reading and second public hearing on the 19th day of September,
2003.
A MES E. KIR , MAYOR
ATTEST: :
LANE GAMIOTEA CITY CLERK
REVIEWED FOR LEGAL S - FICIENCY:
OHN R. COOK, TY ATTORNEY
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