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2024 04 02 VI. B. Exhibit 5 Revised Pgs City of Okeechobee 410 MINUTE FIL Fy 1,2 i ci C0 J fecij 2023/2024 PROPOSED MID YEAR BUDGET =x ,item _lam -it• et General Fund i Proposed Difference j Budget Revenues Building &Inspection Fees Increased $ 125,000 $ 35,000 Plan Review Fees $ 3,800 $ 1,800 Competitive Partnership Grant CFRPC Housing Study $ 20,000 $ 20,000 Expenses Council Markey Feasibility Study, Lodging, Housing (DEO) CFRPC $ 20,000 $ 20,000 Human Resources Salary and Benefit decrease (Hired in January) $ 50,005 $ (26,310) Benefit Study $ 5,000 $ 5,000 Police Communications $ 57,100 $ 3,600 Officer Longevity S 2,170 $ 1,920 Public Works Amended Exe Salaries based on personnel changes $ 59,900 $ (34,880) Amend Regular Sa aries based on personnel changes $ 480,400 $ 40,300 Clerk Longevity $ 4,950 $ 3,950 Public Facilities Fund Proposed Difference _ Budget Expenses Public Works Road & Materials (NE 4th Street) $ 128,000 $ 28,000 Capital Projects Fund Proposed Difference Budget Expenses Administration Replacement Chairs $ 4,400 $ 1,900 Police Replacement Spillrnan Server $ 35,000 $ (5,000) Computer (4) $ - $ 5,000 5 - Replacement vehicles incl equipment $ 227,700 $ 39,650 Replacement Generator (Natural Gas) Public Works Remove Parking (F'rimative Baptist Church) $ - $ (60,000) Chamber (flooring, etc.) no change in budget $ 20,000 $ - Public Works Asphalt overlay for Road Improvements $ 570,875 $ 61,875 Park Improvements Christmas Displays S 15,000 $ (85,000) Grant Funds Proposed Difference Budget Revenues American Rescue Plan Act Funds $ 1,571,023 $161,777.00 FDEP SW 4th Grart Reimbursement $224,416.00 Expenses Professional Service $ 95,500 $65,500.00 Stormwater Infrastructure $ 1,475,523 $96,277.00 i 1 &e.. Page 1 of 1 4/2/20248:16 AM • City of Okeechobee !MINUTE FILEla/R4 CC_Re5 2023/2024 PROPOSED MID YEAR BUDGET Ex 3a,a, GENERAL FUND RECAPITULATION-REVENUE AND EXPENSES d( Ltd ak- r1(143 2022/2023 2023/2024 2023/2024 ESTIMATE BUDGET PROPOSED F/Y Beginning Fund Balance $ 4,342,501 $ 4,342,501 4342501 $ 4,342,501 $ 4,342,501 $ 4,342,501 REVENUES 96%AD VALOREM @ 6.3556 $ 2,558,062 $ 2,746,064 $ 2,746,064 OTHER FEES $ 807,150 $ 851,000 $ 851,000 INTERGOVERNMENTAL $ 2,268,050 $ 2,215,952 $ 2,215,952 CHARGES FOR SERVICES $ 1,519,008 $ 1,531,700 $ 1,568,500 -t36,`e5DD FINES, FORFEITURES&PET $ 28,650 $ 26,400 $ 26,400 USES OF MONEY&PROPEI $ 383,000 $ 365,000 $ 365,000 OTHER REVENUES $ 102,028 $ 50,800 $ 50,800 $ 7,665,948 $ 7,786,916 $ 7,823,716 5tp,9sDb. TRANSFERS-IN Public Facilities Fund(Transfer $ 350,000 $ 350,000 $ 350,000 Capital Proj/Improvement Funs $ - TOTAL REVENUES $ 8,015,948 $ 8,136,916 $ 8,173,716 to'ca^0Da EXPENDITURES LEGISLATIVE $ 165,985 $ 175,880 $ 195,880 1 aO,o00 EXECUTIVE $ 242,190 $ 259,770 $ 259,770 HUMAN RESOURCES $ - $ 89,140 $ 67,830 -lo9.11 3►Q). CITY CLERK $ 313,560 $ 300,540 $ 304,466 .-t 3iq<Dtea FINANCIAL SERVICES $ 328,420 $ 362,325 $ 362,325 LEGAL COUNCIL $ 122,600 $ 196,400 $ 196,400 GENERAL SERVICES $ 534,910 $ 632,815 $ 632,815 LAW ENFORCEMENT $ 3,086,800 $ 3,383,300 $ 3,388,820 4 5,54Q0. FIRE PROTECTION $ 702,214 $ 878,500 $ 878,500 ROAD& STREET FACILITII $ 1,568,043 $ 1,749,153 $ 1,754,573 +5,4 a.0, TOTAL GEN.OPER.EXPENDITURES $ 7,064,722 $ 8,027,823 $ 8,041,379 13 575(P Transfer Out 109,094 $ 132,338 40)319,`I14-, FISCAL YEAR ENDING FUND BALANCE $ 5,293,727 $ 4,342,501 $ 4,342,501 -{3- (nrrec-q 9c Page 1 of 2 4/2/20247:45 AM • City of Okeechobee 2023/2024 PROPOSED MID YEAR BUDGET GENERAL FUND RECAPITULATION-REVENUE AND EXPENSES 2022/2023 2023/2024 2023/2024 ESTIMATES BUDGET PROPOSED FUND BALANCE $4,342,501 $4,342,501 $4,342,501 Roll Forward from previous year $ 4,342,501 $ 4,342,501 $ 4,342,501 REVENUES TAXES: 311-1000 96%AD VALOREM @6.3556 $2,558,062 $2,746,064 $2,746,064 TOTAL $ 2,558,062 $ 2,746,064 $ 2,746,064 $ OTHER FEES: 312-5100 Fire Insurance Premium $ - $ - $ - 312-5200 Casualty Insurance Prem Tax(Police) $ 72,000 $ 79,000 $ 79,000 314-1000 Utility Tax-Electric $ 603,400 $ 650,000 $ 650,000 314-4000 Utility Tax/Natural Gas $ 26,000 _ $ 24,000 $ 24,000 314-8000 Utility Tax/Propane $ 24,000 $ 22,000 $ 22,000 316-0000 Prof&Business Tax Receipt $ 76,500 $ 74,000 $ 74,000 319-0000 Public Service Fee $ 5,250 $ 2,000 $ 2,000 TOTAL $ 807,150 $ 851,000 $ 851,000 -�- INTERGOVERNMENTAL REVENUES: 335-1210 SRS Cigarette Tax $ 224,900 $ 228,000 $ 228,000 335-1400 Mobile Home Licenses $ 9,100 $ 10,100 $ 10,100 335-1500 Alcoholic Beverage Licenses $ 7,170 $ 6,000 $ 6,000 335-1800 1/2 Cent Sales Tax $ 490,600 $ 477,452 $ 477,452 312-6000 1 Cent Sales Surtax $ 1,202,000 $ 1,118,000 $ 1,118,000 315.0000 Communications Service Tax $ 220,000 $ 249,000 $ 249,000 335-2300 Firefighters Supplement 337-2000 Public Safety-SRO OCSB $ 108,580 $ 122,000 $ 122,000 338-2000 County Business Licenses $ 5,700 $ 5,400 $ 5,400 TOTAL $ 2,268,050 $ 2,215,952 $ 2,215,952 CHARGES FOR CURRENT SERVICES 322-0000 Building&Inspections Fees $ 92,500 $ 90,000 $ 125,000' a �JS,OCb 322-1000 Exception&Zoning Fees $ 8,502 $ 3,000 $ 3,000 323-1000 Franchise-Electric $ 492,918 $ 490,000 $ 490,000 323-4000 Franchise-Natural Gas $ 13,000 $ 13,000 $ 13,000 323-7000 Franchise-Solid Waste $ 182,000 $ 189,000 $ 189,000 329-0000 Plan Review Fees $ 6,488 $ 2,000 $ 3,800 .k ,VOQ 329-1000 Lien Search Fees $ 970 $ 800 $ 800 329-2000 Special Event Fees $ 930 $ 700 $ 700 341-4000 Photocopies 342-1000 Public Safety-SRO OCA $ 84,100 $ 86,200 $ 86,200 342-2000 Special Details $ 38,800 $ 25,000 $ 25,000 343-4010 Solid Waste Collection Fees-Resd. $ 598,800 $ 632,000 $ 632,000 _ TOTAL $ 1,519,008 $ 1,531,700 $ 1,568,500 .t 3 r5�' l Page 2 of 2 4/2/20247:45 AM