1985-14 FY 85-86 BudgetRESOLUTION N0, 85-14
Ah A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR THE CITY OF OKEECHOBEE,
qW FLORIDA FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1985 AND ENDING
SEPTEMBER 30, 1986; 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, 1985
and ending September 30, 1986.
M -WF*; 04aWj�7
GENERAL GOVERNMENT
$356,214.
POLICE
575,014.
ANIMAL CONTROL
20,415.
FIRE
301,278.
SANITATION
230,150.
STREET DIVISION
531,899.
PARKS AND IMPROVEMENTS
10,000.
MAINTENANCE
29,555.
* TOTAL $2,054,525.
* Includes $54,000 Federal Revenue Sharing
General Obligation Bonds voted D.S. I&S Total 40,938.
UTILITY FUND
SEWER DIVISION 764,143.
WATER DIVISION 1,016,976.
TOTAL 1,781,119.
TOTAL OPERATING BUDGETS......................................3,876,582.
1972 WATER BONDS 23,400.
1983 SEWER BOND SERIES A,B,C 332,127.
1983 BOND RESERVE ACCT. 21,528.
1983 BOND RENEWAL & REPLACEMENT 20,000.
*TOTAL UTILITY FUND DEBT SERVICE 397,055.
*The Utility Fund Debt Service amounts are included in the Utility Fund
Budget Total of $1,781,119. as shown above.
REVENUES -
GRANT
ESTIMATES
1,510,550.
1p201 SEWER
PROJECT
EXPENDITURES
1,510,550.
SECTION 2: The City Council of the City of Okeechobee, Florida hereby
levies a tax of 4.401 per thousand dollar valuation on all real and
•personal property within the corporate limits of said City, provided
however, that 4.251 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 4.401 per thousand dollar valuation as
designated in Section 2, hereof, 4.251. 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, 1985./
MAYOR
ATTEST:
:• ` �. �.;��;ii�%�.-ice iCITY CLERK
Passed on second and final reading this
23rd day of Septem er, 1985.
OAKLAND R. Z
MAYOR
ATTEST:
0 Ir "Te/r
BOININIE S. THOM:CMC
CITY CLERK
APPROVED AS TO FORM:
JERALD D. BRYANT
CITY ATTORNEY