0872 04/05 FY Budget ORDINANCE NO. 872
• AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1,2004 AND ENDING SEPTEMBER 30,2005;WHICH BUDGET
SETS FORTH GENERAL FUND REVENUES OF $8,453,430.00 AND
EXPENDITURES OF $4,566,509.00, LEAVING A FUND BALANCE OF
$3,886,921.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES
OF $981,585.00 AND EXPENDITURES OF $382,000.00, LEAVING A
FUND BALANCE OF $599,585.00; DEBT SERVICE REVENUES OF
$99,683.00 AND EXPENDITURES OF $99,683.00, LEAVING A FUND
BALANCE OF $-0-; CAPITAL PROJECTS-VEHICLES REVENUES OF
$944,262.00 AND EXPENDITURES OF $944,262.00, LEAVING A FUND
BALANCE OF $-0-; LAW ENFORCEMENT SPECIAL FUND REVENUES
OF $18,300.00 AND EXPENDITURES OF $2,000.00, LEAVING A FUND
BALANCE OF $16,300.00; INDUSTRIAL DEVELOPMENT FUND
REVENUES OF $2,325,000.00 AND EXPENDITURES OF $2,325,000.00;
LEAVING A FUND BALANCE OF $-0-; CDBG BLOCK GRANT FUND
REVENUES OF $371,613.00 AND EXPENDITURES OF $371,613.00
LEAVING A FUND BALANCE OD $-0-; PROVIDING AN EFFECTIVE
DATE.
NOW, THEREFORE, be it ordained before the City Council for the City of Okeechobee,
Florida; presented at a duly advertised public meeting; and passed by majority vote
of the City Council; and properly executed by the Mayor or designee, as Chief
Presiding Officer for the City:
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, 2004 and ending September 30, 2005.
GENERAL FUND
Revenues
Fund Balance $1,506,778.00
Ad Valorem Taxes - 7.1899 Millage 1,769,648.00
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees&Occ. Lic. Fee) 1,193,586.00
Intergovernmental Revenue 1,029,323.00
Charges for Current Services 328,800.00
Fines, Forfeitures and Penalties 41,653.00
Uses of Money and Property 70,600.00
Other Revenues 21,288.00
Operating Transfer-in from Public Facilities 160,000.00
Transfer-in from Industrial Development fund 2,325,000.00
Transfer-in from CDBG Grant Fund 6,754.00
Total Revenues $8,453,430.00
Expenditures
Legislative $ 127,524.00
Executive 139,800.00
City Clerk 153,837.00
Financial Services 187,039.00
5 Legal Counsel 84,156.00
General Governmental Services 337,751.00
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Law Enforcement 1,489,768.00
Fire Protection 1,056,065.00
Road and Street Facilities 912,307.00
• Operating Transfer-Out to Capital Projects-Vehicles 78,262.00
Total Expenditures $4,566,509.00
FUND BALANCE $3,886,921.00
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $546,161.00
Revenues 435,424.00
Total Revenues $981,585.00
Expenditures
Expenditures $222,000.00
Operating Transfer-Out 160,000.00
Total Expenditure $382,000.00
FUND BALANCE $599,585.00
DEBT SERVICE
Revenues
Fund Balance $12,334.00
Revenues 87,349.00
Total Revenues $99,683.00
Expenditures
Total Expenditures $99,683.00
FUND BALANCE $ -0-
CAPITAL PROJECT-VEHICLES
Revenues
Fund Balance $ -0-
Revenues 866,000.00
Transfer-In General Fund 78,262.00
Total Revenues $944,262.00
Expenditures
Total Expenditures $944,262.00
FUND BALANCE $ -0-
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance $18,250.00
Revenues 50.00
Total Revenues $18,300.00
Expenditures
Total Expenditures $ 2,000.00
FUND BALANCE $16,300.00
•
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INDUSTRIAL DEVELOPMENT FUND
Revenues
Fund Balance $ -0-
• Revenues 2,325,000.00
Total Revenues $2,325,000.00
Expenditures
Transfer-out to General Fund $2,325,000.00
Total Expenditures $2,325.000.00
FUND BALANCE $ -0_
CDBG BLOCK GRANT FUND
Revenues
Fund Balance $ -0-
Revenues 371,613.00
Total Revenues $371,613.00
Expenditures
Expenditures $364,859.00
Transfer-out to General Fund 6,754.00
Total Expenditures $371,613.00
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, 2004.
INTRODUCED for first reading and public hearing on the 17t'' day of September, 2004.
• JAMES E. KIRK, MAYOR
ES
ATTT:
LANE GAMIOTEA, CITY CLERK
ADOPTED after second reading and second public hearing on the 5t'' day of
October, 2004.
JAMES E. KIRK, MAYOR
ATTEST:
i'. f' A �jC � k l e'YL,
LANE GAMIOTEA-, CITY CLERK
REVIEWED FOR LEGAL SUFFICIENCY:
JOHN R. COOK, CITY ATTORNEY
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