1986-15 FY 86-87 BudgetAllk
14W A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR THE CITY OF OKEECHOBEE,
FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1986 AND ENDING
SEPTEMBER 30, 1987; PROVIDING FOR THE LEVY OF AD VALOREM TAXES;
PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OKEECHOBEE, FLORIDA,
as follows:
SECTION 1: The City Council of the City of Okeechobee, Florida, after
having held a public hearing on the annual budget, including General
Fund, Utility Fund, Debt Service and Construction 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, 1986
and ending September 30, 1987.
GENERAL GOVERNMENT
POLICE
ANIMAL CONTROL
FIRE
SANITATION
STREET DIVISION
PARKS AND IMPROVEMENTS
MAINTENANCE
* TOTAL
* Includes $12,000 Federal Revenue Sharing
Obligation Bonds Principal
Obligation Bonds Interest
TOTAL
$358,961.
629,883.
21,436.
304,194.
260,175.
693,093.
5,800.
30,341.
20,000.
19,118.
$2,303,883.
39,118.
THAT PORTION OF THE CITY'S BUDGET TO BE FUNDED FROM SOURCES OTHER THAN
AD VALOREM AND OTHER TAXES:
TOTAL WATER/SEWER DIVISION 2,016,699.
TOTAL OPERATING BUDGETS* ..................... o ............... 4r359,700.
UTILITY FUND DEBT SERVICE
1972 WATER BONDS 20,000.
1983 SEWER BOND SERIES A,B,C 310,027.
1983 BOND RESERVE ACCT. 21,528.
1983 BOND RENEWAL & REPLACEMENT 19,992.
*TOTAL UTILITY FUND DEBT SERVICE 371,547.
. *The Utility Fund Debt Service amounts are included in the Utility Fund
Budget Total of $2,016,699. as shown above.
• SECTION 2: The City Council of the City of Okeechobee, Florida hereby
levies a tax of 4.30 per thousand dollar valuation on all real and
personal property within the corporate limits of said City, provided
however, that 4.15 shall not be levied upon property in the City of
Okeechobee claimed and allowed as homestead in the general laws of the
State of Florida.
SECTION 3: That of the total 4.30 per thousand dollar valuation as
designated in Section 2, hereof, 4.15 per thousand dollar valuation
shall be used for general City purposes in carrying on and conducting
the government of said City and .150 per thousand dollar valuation
including homestead shall be used to pay interest and principal on
general obligation bonds maturing during said fiscal year, such levy to
be collected in cash and such cash so collected to be kept in separate
accounts for the purposes designated herein.
SECTION 4: That this resolution was proposed, considered and adopted
under the provisions of Chapter 166 and 200.065 Florida Statutes.
SECTION 5: This resolution shall become effective upon its adoption.
Introduced on first reading this 9th day of September, 19 86.
-OAKLAND R. CHAPMAN
MAYOR
ATTEST:
BONNIE S. THOMAS, Cf1C
CITY CLERK
Passed on second and final reading
ATTEST:
BONNIE S. THOMAS, CMC
CITY CLERK
AS TO FORM:
KRALD D. BRYANT
ITY ATTORNEY
this 23rdZdaofSepte ber, 1986.
. .�
AKLAND R. CHAPDIAN,
MAYOR