1114 FY 2014/2015 BudgetORDINANCE NO. 1114
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2014, AND ENDING SEPTEMBER 30, 2015; WHICH BUDGET SETS FORTH
GENERAL FUND REVENUES OF $8,362,983.00, TRANSFERS -IN OF $1,251,462.00,
AND EXPENDITURES OF $5,870,260.00, LEAVING A FUND BALANCE OF
$3,744,185.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES OF
$1,197,666.00, EXPENDITURES OF $709,000.00 AND TRANSFER -OUT OF
$398,000.00, LEAVING A FUND BALANCE OF $90,666.00; STATE
APPROPRIATIONS GRANT FUND REVENUES OF $100,000.00, TRANSFER -IN OF
$5,000.00, AND EXPENDITURES OF $105,000.00, LEAVING A FUND BALANCE OF
$0.00; FLORIDA DEPARTMENT OF TRANSPORTATION HIGHWAY
BEAUTIFICATION GRANT FUND REVENUES OF $20,425.00, TRANSFER -IN OF
$3,000.00, AND EXPENDITURES OF $23,425.00, LEAVING A FUND BALANCE OF
$0.00; OTHER GRANTS FUND REVENUES OF $403,838.00, TRANSFER -IN OF
$365,162.00, AND EXPENDITURES OF $769,000.00, LEAVING A FUND BALANCE
OF $0.00; CAPITAL IMPROVEMENT PROJECTS FUND REVENUES OF
$5,146,849.00, EXPENDITURES OF $484,750.00, AND TRANSFERS -OUT OF
$1,226,524.00, LEAVING A FUND BALANCE OF $3,435,575.00; CAPITAL
IMPROVEMENT PROJECTS - IMPACT FEES FUND REVENUES OF $46,664.00,
EXPENDITURES OF $36,500.00, AND TRANSFER -OUT OF $100.00, LEAVING A
FUND BALANCE OF $10,064.00; LAW ENFORCEMENT SPECIAL FUND
REVENUES OF $6,600.00, AND EXPENDITURES OF $3,605.00, LEAVING A FUND
BALANCE OF $2,995.00; 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 annual budget, including General Fund, Public Facilities
Improvement Fund, State Appropriations Grant Fund, Florida Department of
Transportation Beautification Grant Fund, Other Grants Fund, Capital
Improvement Projects Fund, Capital Improvement Projects- Impact Fees Fund,
and Law Enforcement Special 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, 2014, and ending September 30, 2015.
GENERAL FUND
Revenues
Fund Balance $3,744,185.00
Ad Valorem Taxes - 7.7432 $1,750,713.00
Other Fees $ 626,153.00
Intergovernmental Revenue $1,319,291.00
Charges for Current Services $ 859,548.00
Fines, Forfeitures and Penalties $ 13,570.00
Uses of Money and Property $ 1,000.00
Other Revenues $ 48,523.00
Total Revenues $8,362,983.00
Transfer -In from Public Facilities Improvement Fund $ 398,000.00
Transfer -In from Capital Improvement Projects- Impact Fees Fund $ 100.00
Transfer -In from Capital Improvement Projects Fund $ 853,362.00
TOTAL REVENUES AND TRANSFERS $9,614,445.00
Expenditures
Legislative $ 130,890.00
Executive $ 187,175.00
City Clerk $ 213,429.00
Financial Services $ 263,168.00
Ordinance No. 1114 Page 1 of 4
Legal Counsel
General Services
Law Enforcement
Fire Protection
Road and Street Facilities
TOTAL EXPENDITURES
GENERAL FUND BALANCE
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance
Revenues
TOTAL REVENUES
Expenditures
Expenditures
Transfer -Out to General Fund
TOTAL EXPENDITURES AND TRANSFERS
PUBLIC FACILITIES IMPROVEMENT FUND BALANCE
STATE APPROPRIATIONS GRANT FUND
Revenues
Fund Balance
Revenues
Transfer -In from Capital Improvement Projects Fund
TOTAL REVENUES AND TRANSFERS
Expenditures
TOTAL EXPENDITURES
STATE APPROPRIATIONS GRANT FUND BALANCE
FDOT HIGHWAY BEAUTIFICATION GRANT FUND
Revenues
Fund Balance
Revenues
Transfer -In from Capital Improvement Projects Fund
TOTAL REVENUES AND TRANSFERS
Expenditures
TOTAL EXPENDITURES
FDOT HIGHWAY BEAUTIFICATION GRANT FUND BALANCE
OTHER GRANTS FUND
Revenues
Fund Balance
Revenues
Transfer -In from Capital Improvement Projects Fund
TOTAL REVENUES AND TRANSFERS
Expenditures
TOTAL EXPENDITURES
OTHER GRANTS FUND BALANCE
Ordinance No. 1114 Page 2 of 4
$ 86,213.00
$ 341,186.00
$2,087,019.00
$1,418,228.00
$1,142,952.00
$5,870,260.00
$3,744,185.00
$ 546,177.00
$ 651,489.00
$1,197,666.00
$ 709,000.00
$ 398,000.00
$1,107,000.00
$ 90,666.00
$ 0.00
$ 100,000.00
$ 5,000.00
$ 105,000.00
$ 105,000.00
$ 0.00
$ 7,425.00
$ 13,000.00
$ 3,000.00
$ 23,425.00
$ 23,425.00
$ 0.00
$ 0.00
$ 403,838.00
$ 365,162.00
$ 769,000.00
$ 769,000.00 N•4100
$ 0.00
CAPITAL IMPROVEMENT PROJECTS FUND
Revenues
Fund Balance $4,903,949.00
Revenues $ 242,900.00
TOTAL REVENUES $5,146,849.00
Expenditures
Total Expenditures $ 484,750.00
Transfer -Out to General and Grant Funds $1,226,524.00
TOTAL EXPENDITURES AND TRANSFERS $1,711,274.00
CAPITAL IMPROVEMENT PROJECTS FUND BALANCE $3,435,575.00
CAPITAL IMPROVEMENT PROJECTS - IMPACT FEES FUND
Revenues
Fund Balance $ 46,564.00
Revenues $ 100.00
TOTAL REVENUES $ 46,664.00
Expenditures
Total Expenditures $ 36,500.00
Transfer -Out to General Fund $ 100.00
TOTAL EXPENDITURES AND TRANSFERS $ 36,600.00
CAPITAL IMPROVEMENT PROJECTS - IMPACT FEES FUND BALANCE $ 10,064.00
LAW ENFORCEMENT SPECIAL FUND
Revenues
Fund Balance
Revenues
TOTAL REVENUES
Expenditures
TOTAL EXPENDITURES
LAW ENFORCEMENT SPECIAL FUND BALANCE
$ 6,100.00
$ 500.00
$ 6,600.00
$ 3,605.00
$ 2,995.00
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, 2014.
INTRODUCED for first reading and public hearing on the 16t'' day of September, 2014.
ATTEST:
Lane Gamiotea, MC, City Clerk
Ordinance No. 1114 Page 3 of 4
ayor` Pro - Tempore
ADOPTED after final reading and second public hearing on the 30th day of September, 2014.
ATTEST:
Lane amiotea, C
Dowling R. Watford, Jr., ayor Pro - Tempore '
C, City Clerk
REVIEWED FOR LEGAL SUFFICIENCY:
n
John R. Cook, City Attorney
Ordinance No. 1105 Page 4 of 4