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2019-09-10 Ex 03 Ordinance No. 1192 Page 1 of 3 ORDINANCE NO. 1192 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF OKEECHOBEE, FLORIDA; FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; WHICH BUDGET SETS FORTH GENERAL FUND REVENUES OF $10,327,485.00, TRANSFERS-IN OF $1,583,181.00, AND EXPENDITURES OF $7,568,165.00, LEAVING A FUND BALANCE OF $4,342,501.00; PUBLIC FACILITIES IMPROVEMENT FUND REVENUES OF $2,283,619.00, EXPENDITURES OF $1,047,988.00, AND TRANSFERS-OUT OF $350,000.00, LEAVING A FUND BALANCE OF $885,631.00; CAPITAL IMPROVEMENT PROJECTS FUND REVENUES OF $4,273,470.00, EXPENDITURES OF $790,940.00, AND TRANSFERS-OUT OF $1,233,181.00, LEAVING A FUND BALANCE OF $2,249,349.00; OTHER GRANTS FUND REVENUES OF $37,490.00, AND EXPENDITURES OF $0.00, LEAVING A FUND BALANCE OF $37,490.00; APPROPRIATIONS GRANT FUND REVENUES OF $209,000.00, AND EXPENDITURES OF $209,000.00, LEAVING A FUND BALANCE OF $0.00; LAW ENFORCEMENT SPECIAL FUND REVENUES OF $10,920.00, AND EXPENDITURES OF $6,500.00, LEAVING A FUND BALANCE OF $4,420.00; PROVIDING FOR CONFLICT; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR 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, Other Grants Fund, Appropriations Grant Fund, Capital Improvement Projects 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, 2019, and ending September 30, 2020. GENERAL FUND Revenues: Fund Balance $ 4,342,501.00 Ad Valorem Taxes - 7.6018 $ 2,222,209.00 Other Fees $ 750,100.00 Intergovernmental Revenue $ 1,721,136.00 Charges for Current Services $ 1,049,100.00 Fines, Forfeitures and Penalties $ 14,275.00 Uses of Money and Property $ 160,000.00 Other Revenues $ 68,164.00 TOTAL REVENUES $10,327,485.00 Transfer-In from Public Facilities Improvement Fund $ 350,000.00 Transfer-In from Capital Improvement Projects Fund $ 1,233,181.00 TOTAL REVENUES AND TRANSFERS $11,910,666.00 Expenditures: Legislative $ 334,722.00 Executive $ 250,420.00 City Clerk $ 281,875.00 Financial Services $ 342,075.00 Legal Counsel $ 145,500.00 General Services $ 535,227.00 Law Enforcement $ 2,803,334.00 Fire Protection $ 1,642,577.00 Road and Street Facilities $ 1,232,435.00 TOTAL EXPENDITURES $ 7,568,165.00 GENERAL FUND BALANCE $ 4,342,501.00 Ordinance No. 1192 Page 2 of 3 PUBLIC FACILITIES IMPROVEMENT FUND Revenues: Fund Balance $ 1,021,107.00 Revenues $ 1,262,512.00 TOTAL REVENUES $ 2,283,619.00 Expenditures: TOTAL EXPENDITURES $ 1,047,988.00 Transfer-Out to General Fund $ 350,000.00 TOTAL EXPENDITURES AND TRANSFERS $ 1,397,988.00 PUBLIC FACILITIES IMPROVEMENT FUND BALANCE $ 885,631.00 CAPITAL IMPROVEMENT PROJECTS FUND Revenues: Fund Balance $ 4,048,470.00 Revenues $ 225,000.00 TOTAL REVENUES $ 4,273,470.00 Expenditures: TOTAL EXPENDITURES $ 790,940.00 Transfer-Out to General Fund $ 1,233,181.00 TOTAL EXPENDITURES AND TRANSFERS $ 2,024,121.00 CAPITAL IMPROVEMENT PROJECTS FUND BALANCE $ 2,249,349.00 OTHER GRANTS FUND Revenues: Fund Balance $ 37,490.00 Revenues $ 0.00 TOTAL REVENUES $ 37,490.00 Expenditures: TOTAL EXPENDITURES $ 0.00 OTHER GRANTS FUND BALANCE $ 37,490.00 APPROPRIATION GRANTS FUND Revenues: Fund Balance $ 0.00 Revenues $ 209,000.00 TOTAL REVENUES $ 209,000.00 Expenditures: TOTAL EXPENDITURES $ 209,000.00 APPROPRIATION GRANTS FUND BALANCE $ 0.00 LAW ENFORCEMENT SPECIAL FUND Revenues: Fund Balance $ 9,920.00 Revenues $ 1,000.00 TOTAL REVENUES $ 10,920.00 Expenditures: TOTAL EXPENDITURES $ 6,500.00 LAW ENFORCEMENT SPECIAL FUND BALANCE $ 4,420.00 Section 2: That this Ordinance was proposed, considered and adopted under the provisions of Chapter 166 and 200.065 Florida Statues. Ordinance No. 1192 Page 3 of 3 Section 3: The Finance Department shall furnish a certified copy of this Ordinance upon second reading and final adoption to the Okeechobee County Property Appraiser, the Okeechobee County Tax Collector, and the Florida Department of Revenue as required by law. Section 4: All ordinances or parts of ordinances in conflict herewith are hereby repealed. Section 5: If any provision or portion of this ordinance is declared by any court of competent jurisdiction to be void, unconstitutional, or unenforceable, then all remaining provisions and portions of this Ordinance shall remain in full force and effect. Section 6: This Ordinance shall be effective October 1, 2019. INTRODUCED for First Reading and Public Hearing on the 10th day of September 2019. ________________________________ Dowling R. Watford, Jr., Mayor ATTEST: _______________________________ Lane Gamiotea, CMC, City Clerk PASSED AND ADOPTED after Second Reading and Final Public Hearing on the 24th day of September 2019. ________________________________ Dowling R. Watford, Jr., Mayor ATTEST: _______________________________ Lane Gamiotea, CMC, City Clerk REVIEWED FOR LEGAL SUFFICIENCY: _______________________________ John R. Cook, City Attorney