1987-11 FY 87-88 BudgetRESOLUTION NO. 87-11
A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR THE CITY OF
OKEECHOBEE, FLORIDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1987 AND ENDING SEPTEMBER 30, 1988;
PROVIDING AN EFFECTIVE DATE.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OKEECHOBEE, FLORIDA AS FOLLOWS:
Section I: 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,
Debt Service 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, 1987 and ending September 30, 1988.
GENERAL FUND
Revenues
Ad Valorem Taxes 394,185.
Other taxes (Utility taxes and Franchise fees) 560,110.
Intergovernmental Revenue 353,963.
Charges for current services 106,835.
Fines, forfeitures and penalties 39,700.
Uses of money and property 19,885.
Other revenues 13,555.
Operating Transfer -In 47,776.
Fund Balance 285,733.
Total $1,821,742.
Expenditures
Legislative
60,048.
Executive
77,651.
Administrative Services
168,522.
Legal Counsel
18,100.
General Governmental Services
168,149.
Law Enforcement
635,983.
Fire Protection
261,708.
Public Facilities Maintenance
431,581.
Total
$1,821,742.
PUBLIC FACILITIES IMPROVEMENT FUND
Revenues
Fund Balance 82,000.
Revenues 150,930.
Other Revenues 1,010,000.
Total Revenues $1,242,930.
Total Expenditures $1,076,000.
Fund Balance $ 166,930.
DEBT SERVICE
Revenues
Fund Balance
9,956.
Revenues
260,556.
• Other Revenues
9,000.
Total
$7 279,512.
Total Expenditures
$ 274,735.
Fund Balance
4,777.
Debt Service Reserve
$ 2,133.
LAW ENFORCEMENT SPECIAL FUND
RG[74=nrlgmC
Fund Balance
Other Revenues
Total
Total Expenditures
Fund Balance
$ 811.
40.
$ 851.
-0-
851.
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, 1987.
Introduced for first reading and public hearing on the 14th
day of September, 1987.
ATTEST:
BONNIE'THOMAS, CITY CLERK
Adopted after second
the 21st day of September,
ATTEST:
BONNIE THOMAS, CITY CLERK
C��YO OAKLAND �CHAPMA
reading and second public hearing on
1987.
G(
MAYOR OAnANb HAP