0958 06/07 FY Budget ORDINANCE NO. 958
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR• THE FISCAL YEAR BECINNING
• OCTOBER 1, 2006 AND ENDING SEPTEMBER 30, 2007; WHICH
BUDGET SETS FORTH GENERAL FUND REVENUES OF$11,861,002.00
AND EXPENDITURES AND TRANSFERS OF$5,549,315.00, LEAVING A
FUND BALANCE OF$6,311,687.00; PUBLIC FACILITIES IMPROVEMENT
FUND REVENUES OF $2,184,002.00 AND EXPENDITURES OF
$695,000.00, LEAVING A FUND BALANCE OF $1,489,002.00; CAPITAL
PROJECTS-VEHICLES FUND REVENUES OF $976,000.00 AND
EXPENDITURES OF$976,000.00,LEAVING A FUND BALANCE OF$0.00;
LAW ENFORCEMENT SPECIAL FUND REVENUES OF $4,584.00 AND
EXPENDITURES OF $4,584.00, LEAVING A FUND BALANCE OF $0.00;
INDUSTRIAL DEVELOPMENT/ECONOMIC DEVELOPMENT FUND
REVENUES OF$0.00 AND EXPENDITURES OF$0.00; LEAVING A FUND
BALANCE OF $0.00; CDBG BLOCK GRANT FUND REVENUES OF
$595,000.00 AND EXPENDITURES OF $595,000.00 LEAVING A FUND
BALANCE OF $0.00; 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 Projects-Vehicles
Fund, Law Enforcement Special Fund, Industrial Development
Economic Development Fund and CDBG 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,
2006 and ending September 30, 2007.
GENERAL FUND
Revenues
Fund Balance $6,338,174.00
Ad Valorem Taxes - 7.1899 (no millage change) $2,117,190.00
Other Fees/Taxes (Ins. Prem.Tax, Utility Taxes, etc.) $1,346,470.00
Intergovernmental Revenue $1 ,206,011.00
Charges for Current Services $587,020.00
Fines, Forfeitures and Penalties $28,730.00
Uses of Money and Property $90,600.00
Other Revenues $146,807.00
TOTAL REVENUES $11,861,002.00
Expenditures
Legislative $131,247.00
Executive $161,618.00
City Clerk $182,672.00
Financial Services $217,160.00
Legal Counsel $80,468.00
General Services $503,162.00
Law Enforcement $1,750,382.00
Fire Protection $1,179,437.00
Road and Street Facilities $1,271 ,169.00
• TOTAL EXPENDITURES $5,477,315.00
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Transfer Out - Capital Project Vehicles $72,000.00
FUND BALANCE $6,311,687.00
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance $1 ,594,402.00
Revenues $589,600.00
Total Revenues $2,184,002.00
Expenditures
Total Expenditures $695,000.00
FUND BALANCE $1,489,002.00
CAPITAL PROJECT-VEHICLES
Revenues
Fund Balance $5,812.00
Revenues $898,188.00
Transfer-In General Fund $72,000.00
Total Revenues $976,000.00
Expenditures
Total Expenditures $976,000.00
FUND BALANCE $0.00
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance $4,577.00
Revenues $7.00
Total Revenues $4,584.00
Expenditures
Total Expenditures $4,584.00
FUND BALANCE $0.00
INDUSTRIAL DEVELOPMENT/ECONOMIC FUND
Revenues
Fund Balance $0.00
Revenues $0.00
Total Revenues $0.00
Expenditures
Total Expenditures $0.00
FUND BALANCE 0.00
CDBG BLOCK GRANT FUND
Revenues
Fund Balance $0.00
Revenues $595,000.00
Total Revenues $595,000.00
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Expenditures
Expenditures $595,000.00
Total Expenditures $595,000.00
FUND BALANCE $0.00
•
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, 2006.
INTRODUCED for first reading and public hearing on the 19th day of September, 2006.
James E. Kirk, Mayor
ATTEST:
T 04° ' . ;
Lane Gamiotea, V MC, City Clerk
ADOPTED after final reading and second public hearing on the 26th day of September,
2006.
9..e.•---- cl:76:::: '
James E. Kirk, Mayor
ATTEST: �,
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Lane Gamiotea MC, City Clerk
REVIEWED FOR LEGAL SUFFICIENCY:
,,carlit Cp_itca________
John R. Cook, City Attorney
1111
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