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1238 Budget Summary FY 2021-22ORDINANCE NO. 1238 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE CITY OF OKEECHOBEE, FLORIDA; FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2021, AND ENDING SEPTEMBER 30, 2022; APPROPRIATING FUNDS FOR OPERATING EXPENSES OF THE CITY OF OKEECHOBEE FOR THE GENERAL OPERATION OF THE SEVERAL DEPARTMENTS OF THE CITY AND OTHER FIXED OBLIGATIONS OF THE CITY FOR AND DURING THE FISCAL YEAR; PROVIDING FOR CONFLICT AND SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Okeechobee adopts a final budget and appropriates funds on an annual basis for the general operation of several departments of the City; and WHEREAS, the City of Okeechobee held budget workshops on July 27, 2021, August 11, 2021, and August 17, 2021; and WHEREAS, Section 166.241, Florida Statutes provides specific requirements to which municipalities must comply with regard to budgets and budget amendments; and WHEREAS, State law requires that municipal budgets are balanced and adopted annually, and the adoption must be by resolution or ordinance including provisions relating to the methods and timing of budget amendments; and WHEREAS, the 2021 tax assessment role for the City of Okeechobee has been paired, equalized and certified, showing: Total taxable value of real and personal property: $347,778,134.00; and WHEREAS, the process of the adoption of the annual budget is governed by Chapter 200, Florida Statutes, requiring calculation of the rolled-back tax rate and percentage increase over the rolled-rate, certain public notices, public hearings, format of required ordinances, and the like. NOW, THEREFORE, be it ordained by the City Council of 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, Capital Improvement Projects Fund, Other Grants Fund, and Law Enforcement Special Fund, hereby adopts as its annual budget the expenditures, as fully set forth below, for the Fiscal Year beginning October 1, 2021, and ending September 30, 2022. GENERAL FUND Revenues: Fund Balance Ad Valorem Taxes - 7.6018 Other Fees Intergovernmental Revenue Charges for Current Services Fines, Forfeitures and Penalties Uses of Money and Property Other Revenues TOTAL REVENUES Transfer-In from Public Facilities Improvement Fund Transfer-In from Capital Improvement Projects Fund TOTAL REVENUES AND TRANSFERS $ 4,342,501.00 $ 2, 537, 990.00 $ 748,800.00 $ 1,773,400.00 $ 1,099,300.00 $ 21,450.00 $ 8,500.00 $ 39.240.00 $ 10,571,181.00 $ 350,000.00 $ 873,534.00 $ 11,794,715.00 Ordinance No. 1238 Page 1 of 3 Expenditures: Legislative Executive City Clerk Financial Services Legal Counsel General Services Law Enforcement Fire Protection Road and Street Facilities TOTAL EXPENDITURES GENERAL FUND BALANCE PUBLIC FACILITIES Reven ues • Fund Balance Revenues TOTAL REVENUES IMPROVEMENT FUND Expenditures• TOTAL EXPENDITURES Transfer-Out to General Fund TOTAL EXPENDITURES AND TRANSFERS PUBLIC FACILITIES IMPROVEMENT FUND BALANCE CAPITAL IMPROVEMENT PROJECTS FUND Revenues: Fund Balance Revenues TOTAL REVENUES $ 182,835.00 $ 268,005.00 $ 300,087.00 $ 337,930.00 $ 190,400.00 $ 558,794.00 $ 3,149,173.00 $ 1,070,865.00 1,394,125.00 $ 7,452,214.00 $ 4,342,501.00 $ 923,970.00 $ 2,158�701.00 $ 3,082,671.00 $ 1,978,201.00 � 350.000.00 $ 2,328,201.00 $ 754,470.00 $ 3,685,061.00 $ 171.000.00 $ 3,856,061.00 Expenditures• TOTAL EXPENDITURES $ 318,800.00 Transfer-Out to General Fund $ 873,534.00 TOTAL EXPENDITURES AND TRANSFERS $ 1,192,334.00 CAPITAL IMPROVEMENT PROJECTS FUND BALANCE $ 2,663,727.00 OTHER GRANTS FUND Revenues: Fund Balance Revenues TOTAL REVENUES Expenditures: TOTAL EXPENDITURES OTHER GRANTS FUND BALANCE LAW ENFORCEMENT SPECIAL FUND Revenues• Fund Balance Revenues TOTAL REVENUES Expenditures: TOTAL EXPENDITURES LAW ENFORCEMENT SPECIAL FUND BALANCE $ 260,000.00 $ 300,000.00 $ 560,000.00 $ 430.000.ao $ 130,000.00 $ 15,600.00 $ 1,000.00 $ 16,600.00 $ 11,500.00 $ 5,100.00 Section 2: That this Ordinance was proposed, considered and adopted under the provisions of Chapter 166 and 200.065 Florida Statutes. Ordinance No. 1238 Page 2 of 3 Section 3: The Finance Director 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: The City Administrator, through the Finance Director, is hereby authorized and directed to disburse monies for the purpose of ineeting the expenses and expenditures of the City as appropriated. Section 6: Effective Date. This Ordinance shall be effective October 1, 2021. INTRODUCED for First Reading and Public Hearing on the 7t'' day of September 2021. , � v:, -� ��,A, " - Dowling R. W, ord, Jr., Mayor AT�EST: ;� � � � �_�����.��' `�,�-�-' � '`�; ��, �'\� ,���, �,`:`- - u �� � Lane Gamiotea, CMC, City Clerk PASSED AND ADOPTED after Second Reading and Final Public Hearing on the 27tn day of September 2021. � ,— `— '� �'"� i Dowling R. WatF�fc1; Jr., Mayor AT,TEST: � "+ , � �, ` � �r � � ��., '>r ;� ��� „ ,� '�� : �t_�k._�� �� �k.� _v.L. - Lane Gamiotea, CMC, City Clerk REVIEWED FOR LEGAL SUFFICIENCY: �'`f /�- � ��y_ _ John J. �umero, City Attorney Ordinance No. 1238 Page 3 of 3