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95-R-18 ...... """ RESOLUTION 95-R-18 A RESOLUTION ADOPTING A FINAL BUDGET FOR THE CITY OF EDGEWATER, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1995, AND ENDING SEPTEMBER 30, 1996; SETTING FORTH REVENUES AND EXPENDITURES FOR THE GENERAL FUND, THE WATER AND WASTEWATER FUND, THE REFUSE COLLECTION FUND, THE STORMWATER MANAGEMENT/MAINTENANCE FUND, AND THE INTERNAL SERVICE/SELF-INSURANCE FUND; REPEALING ALL RESOLUTIONS IN CONFLICT HEREWITH AND PROVIDING AN EFFECTIVE DATE. WHEREAS, pursuant to Section 200.065, Florida Statutes, the City Council is required to adopt a final budget for the fiscal year beginning October 1, 1995 and ending September 30, 1996, at an advertised public hearing held within fifteen days after the adoption of a tentative budget; and WHEREAS, the public hearing shall be held not less than two (2) days or more than five (5) days after the date the advertisement is first published; and WHEREAS, the City Council adopted a tentative budget on September 6, 1995, and the advertisement for the required public hearing was published on September 9, 1995. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Edgewater, Florida: Section 1. The budget as set forth in Exhibit A which is attached hereto and incorporated by reference is hereby adopted as the final budget of the City of Edgewater, Florida, for the fiscal year beginning October 1, 1995 and ending September 30, 1996. Section 2. The following monies are anticipated to be collected from the sources of revenue for the General Fund during Fiscal Year 1995 - 1996: GENERAL FUND REVENUE 1995 - 1996 Source of Revenue Amount Anticipated Current ad valorem taxes Other revenues $ 2,495,594 3,746,341 $ 6,241,935 Section 3. From the anticipated sources of revenue for the General Fund set forth above, the following are the estimated 95-R-18 1 ....... ..., General Fund expenditures for Fiscal Year 1995 - 1996: GENERAL FUND ESTIMATED EXPENDITURES 1995 - 1996 Department City Council City Manager Finance Legal Counsel Community Development Economic Development Personnel Administration City Clerk Other Governmental Services Maintenance Engineer Law Enforcement Fire & Rescue Building Civil Defense Public Works Library Parks & Recreation Debt Services & Transfers Out Section 4. Amount $ 58,047 141,166 227,266 137,821 300,505 20,096 55,677 162,446 312,200 106,933 145,939 2,141,361 720,707 201,781 4,000 443,897 12,525 662,955 386,613 6,241,935 $ A copy of more detailed explanation of the revenues and expenditures of the General Fund for Fiscal Year 1995 - 1996 is set forth on pages 5 through 39 of Exhibit A. Section 5. The amount of $5,687,611 is anticipated to be collected from the sources of revenue for the Water and Wastewater Fund during Fiscal Year 1995 - 1996. From those anticipated sources of revenue for the Water and Wastewater Fund $5,687,611 is the estimated amount of expenditures for Water and Wastewater Fund for Fiscal Year 1995 - 1996. A more detailed explanation of the revenues and expenditures of the Water and Wastewater Fund is set forth on pages 40 through 50 of the attached Exhibit A. Section 6. The amount of $1,190,985 is anticipated to be collected from sources of revenue for the Refuse Collection Fund during Fiscal Year 1995 - 1996. From those anticipated sources of revenue for the Refuse Collection Fund $1,190,985 is the estimated amount of expenditures for the Refuse Collection Fund for Fiscal Year 1995 - 1996. A more detailed explanation of the revenues and through 53 of the attached Exhibit A. expenditures of the Refuse Collection Fund is set forth on pages 51 95-R-18 2 \ ..." .",., Section 7. The amount of $815,945 is anticipated to be collected from the sources of revenue for the Stormwater Management/Maintenance Fund during Fiscal Year 1995 - 1996. From those anticipated sources of revenue for the Stormwater Management/Maintenance Fund $815,945 is the estimated amount of expenditures for the Stormwater Management/Maintenance Fund for Fiscal Year 1995 - 1996. A more detailed explanation of the revenues and expenditures of the Stormwater Management/Maintenance Fund is set forth on pages 54 through 56 of the attached Exhibit A. Section 8. The amount of $129,000 is anticipated to be collected from the sources of revenue for the Internal Service/Self Insurance Fund during Fiscal Year 1995 1996. From those anticipated sources of revenue for the Internal Service/Self Insurance Fund $129,000 is the estimated amount of expenditures for the Internal Service/Self Insurance Fund for Fiscal Year 1995 - 1996. A more detailed explanation of the revenues and expenditures of the Internal Service/Self Insurance Fund is set forth on pages 57 through 59 of the attached Exhibit A. Section 9. The City Manager is hereby directed and authorized to appropriate and spend the anticipated reveues as set forth in Section 3, 5, 6, 7, and 8 and the attached Exhibit A when the revenues are received and collected. In addition, the City Manager is authorized to transfer line items within specific funds and from contingency as needed, but shall not transfer monies from Fund to Fund without City Council approval. The City Council shall be notified within thirty (30) days of any transfer from contingency. Section 10. All resolutions or parts of resolutions in conflict herewith be and the same are hereby repealed. Section 11. This resolution shall take effect upon adoption. 95-R-18 3 After Motion by Councilman Mitchum and Second by Councilman Hays, the vote on this resolution was as follows: Mayor Jack H. Hayman, Sr. AYE Councilman Danny E. Hatfield AYE Councilwoman Louise A. Martin AYE Councilman Mike Hays AYE Councilman David L. Mitchum AYE PASSED AND DULY ADOPTED this llth day of September, 1995. � Susan. ,T City C CITY COUNCIL OF THE CITY OF, EDGENATER, FLORIDA By: &dsworth aok Mayor 95-R-18 4 , APPROVED FOR FORM & CORRECTNESS: Ktitta A. Storey'J City Attorney