1989-07 FY 89-90 Utilities RevenuesRESOLUTION NO. 89-7
• A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR THE
CITY OF OKEECHOBEE, FLORIDA FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1989 AND ENDING
SEPTEMBER 30, 1990; WHICH BUDGET SETS FORTH
PUBLIC UTILITIES REVENUES OF $11,554,746.00
AND EXPENDITURES OF $7,740,978.00, LEAVING A
FUND BALANCE OF ;3,813,768.00, PROVIDING AN
EFFECTIVE DATE.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OKEECHOBEE. FLORIDA AS FOLLOWS:
Section 1: The City Council of Okeechobee, Florida, after having
held a public hearing on the annual budget, including Operating
Fund, Debt Service Fund, Improvement and Replacement Fund,
Wastewater Collection System Fund, Water Treatment Plant
Construction Fund and Wastewater Treatment Plant Fund, hereby
adopts for its annual budget the receipts and expenditures, as
fully set forth below, for the City of Okeechobee for the fiscal
year beginning October 1, 1989 and ending September 30, 1990.
PUBLIC UTILITIES
Revenues
Operating Fund $ 1,644,745.
Debt Service Fund 954,309.
Improvement and Replacement Fund 225,985.
Wastewater Collection System Fund 1,312,869.
Water Treatment Plant Const. Fund 6,961,508.
Wastewater Treatment Plant Fund 455,330.
Total Funding Sources $11,554,746.
Expenditures
Operating Fund $ 1,511,100.
Debt Service Fund 800,509.
Improvement and Replacement Fund 176,500.
Wastewater Collection System Fund 1,312,869.
Water Treatment Plant Const. Fund 3,500,000.
Wastewater Treatment Plant Fund 440,000.
Total Expenditures $ 7,740,978•
Fund Balance $ 3,813,768.
Section 2: That this resolution was proposed, considered and
adopted under the provisions of Chapter 166 and 200.065 Florida
Statutes.
Section 3: This resolution shall be effective October 1, 1989.
MAYOR • &D����
ATTEST:
BONNIE THOMAS, CITY CLERK