0914 05/06 FY Budget ORDINANCE NO. 914
• AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2005 AND ENDING SEPTEMBER 30, 2006; WHICH
BUDGET SETS FORTH GENERAL FUND REVENUES OF$10,163,485.00
AND EXPENDITURES OF $4,978,613.00, LEAVING A FUND BALANCE
OF $5,184,872.00; PUBLIC FACILITIES IMPROVEMENT FUND
REVENUES OF $951,986.00 AND EXPENDITURES OF $430,000.00,
LEAVING A FUND BALANCE OF $521,986.00; CAPITAL PROJECTS-
VEHICLES REVENUES OF $986,014.00 AND EXPENDITURES OF
$986,014.00, LEAVING A FUND BALANCE OF $-0-; LAW
ENFORCEMENT SPECIAL FUND REVENUES OF $6,434.00 AND
EXPENDITURES OF $6,434.00, LEAVING A FUND BALANCE OF $-0-;
INDUSTRIAL DEVELOPMENT FUND/ECONOMIC DEVELOPMENT FUND
REVENUES OF $600,000.00 AND EXPENDITURES OF $600,000.00;
LEAVING A FUND BALANCE OF $-0-; CDBG BLOCK GRANT FUND
REVENUES OF $128,119.00 AND EXPENDITURES OF $128,119.00
LEAVING A FUND BALANCE OF $-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, Capital Project- Vehicles
Fund, Law Enforcement Special Fund, Industrial Development/
Economic Development Fund and Community Development Block
Grant 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, 2005 and ending September 30, 2006.
GENERAL FUND
Revenues
Fund Balance $4,880,237.00
Ad Valorem Taxes - 7.1899 Millage 1,991,978.00
Other Taxes (Ins. Prem.Tax, Utility Taxes, Franchise Fees&Occ. Lic. Fee) 1,210,412.00
Intergovernmental Revenue 1,268,282.00
Charges for Current Services 440,800.00
Fines, Forfeitures and Penalties 26,782.00
Uses of Money and Property 60,600.00
Other Revenues 32,028.00
Transfer-in from CDBG Grant Fund 252,366.00
Total Revenues $10,163,485.00
Expenditures
Legislative $ 128,795.00
Executive 149,552.00
City Clerk 162,763.00
Financial Services 196,295.00
Legal Counsel 80,450.00
• General Governmental Services 500,889.00
Law Enforcement 1,597,373.00
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Fire Protection 1,109,027.00
Road and Street Facilities 968,469.00
Operating Transfer-Out to Capital Projects-Vehicles 85,000.00
Total Expenditures $4,978,613.00
FUND BALANCE $5,184,872.00
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $407,593.00
Revenues 544,393.00
Total Revenues $951,986.00
Expenditures
Total Expenditures $430,000.00
FUND BALANCE $521,986.00
CAPITAL IMPROVEMENT PROJECTS-VEHICLES
Revenues
Fund Balance $ -0-
Revenues 901,014.00
Transfer-In General Fund 85,000.00
Total Revenues $986,014.00
Expenditures
Total Expenditures $986,014.00
FUND BALANCE $ -0-
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance $6,409.00
Revenues 25.00
Total Revenues $6,434.00
Expenditures
Total Expenditures $6,434.00
FUND BALANCE $ -0-
INDUSTRIAL DEVELOPMENT/ECONOMIC DEVELOPMENT FUND
Revenues
Fund Balance $ -0-
Revenues 600,000.00
Total Revenues $600,000.00
Expenditures
Total Expenditures $600,000.00
FUND BALANCE $ -0-
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CDBG BLOCK GRANT FUND
Revenues
Fund Balance $ 122,592.00
• Revenues 5.527.00
Total Revenues $128,119.00
Expenditures
Total Expenditures $128,119.00
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 7th day of September, 2005.
/ /
O LIdIG R. WATFORD, '., MAYOR PRO-TEM
ATTEST:
LANE GAMI• EA, CMC, CITY CLERK
ADOPTED after second reading and second public hearing on the 20th day of September,
2005.
DO ING . WAT ORD, JR., Y• - PRO-TEM
ATTEST:
o SW:. .-
LAN GAMIOT • , CMC, CITY CLERK
REVIEWED FOR LEGAL SUFFICIENCY:
cok
JOHN R. COOK, CITY ATTORNEY
•
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