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97-R-24RESOLUTION 97-R-24 A RESOLUTION ADOPTING A FINAL BUDGET FOR THE CITY OF EDGEWATER, FLORIDA, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1997, AND ENDING SEPTEMBER 30, 1998; SETTING FORTH REVENUES AND EXPENDITURES FOR THE GENERAL FUND, THE WATER AND WASTEWATER FUND, THE REFUSE COLLECTION F U N D, T H E S T O R M W A T E R 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, 1997 and ending September 30, 1998, 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 3, 1997, and the advertisement for the required public hearing was published on September 6, 1997. 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, 1997 and ending September 30, 1998. Section 2. The following monies are anticipated to be collected from the sources of revenue for the General Fund during Fiscal Year 1997 - 1998: GENERAL FUND REVENUE 1997- 1998 Source of Revenue Ad valorem taxes Otherrevenues Amount Anticipated $2,478,688 4,324,625 $6,803,313 Section 3. From the anticipated sources of revenue for the General Fund set forth above, the following are the estimated General Fund expenditures for Fiscal Year 1997 - 1998: 97-R-24 GENERAL FUND ESTIMATED EXPENDITURES 1997- 1998 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 Civil Defense Public Works Library Parks & Recreation Debt Services & Transfers Out Amount $ 61,310 152,594 254,012 153,141 513,847 29,850 93,172 169,439 367,771 107,136 160,012 2,367,879 831,058 11,104 418,187 8,025 728,165 376,611 $ 6,803,313 Section 4. A copy of more detailed explanation of the revenues and expenditures of the General Fund for Fiscal Year 1997 - 1998 is set forth on pages 5 through 38 of Exhibit A. Section 5. The amount of $6,160,350 is anticipated to be collected from the sources of revenue for the Water and Wastewater Fund during Fiscal Year 1997 - 1998. From those anticipated sources of revenue for the Water and Wastewater Fund $6,160,350 is the estimated amount of expenditures for Water and Wastewater Fund for Fiscal Year 1997 - 1998. A more detailed explanation of the revenues and expenditures of the Water and Wastewater Fund is set forth on pages 39 through 48 of the attached Exhibit A. Section 6. The amount of $1,408,651 is anticipated to be collected from sources of revenue for the Refuse Collection Fond during Fiscal Year 1997 - 1998. From those anticipated sources of revenue for the Refuse Collection Fund $1,408,651 is the estimated amount of expenditures for the Refuse Collection Fund for Fiscal Year 1997 - 1998. A more detailed explanation of the revenues and expenditures of the Refuse Collection Fund is set forth on pages 49 through 51 of the attached Exhibit A. Section 7. The amount of $959,632 is anticipated to be collected from the sources of revenue for the Stormwater Management/Maintenance Fund during Fiscal Year 1997 - 1998. From 97-R-24 2 those anticipated sources of revenue for the Stormwater Management(Maintenance Fund $959,632 is the estimated amount of expenditures for the Stormwater Management(Maintenance Fund for Fiscal Year 1997 - 1998. A more detailed explanation of the revenues and expenditures of the Stormwater Management/Maintenance Fund is set forth on pages 52 through 54 of the attached Exhibit A Section 8. The amount of $143,290 is anticipated to be collected from the sources of revenue for the Internal Service/Self Insurance Fund during Fiscal Year 1997 - 1998. From those anticipated sources of revenue for the Internal Service/Self Insurance Fund $143,290 is the estimated amount of expenditures for the Internal Service/Self Insurance Fund for Fiscal Year 1997 - 1998. A more detailed explanation of the revenues and expenditures of the Internal Service/Self Insurance Fund is set forth on pages 55 through 57 of the attached Exhibit A. Section 9. The City Manager is hereby directed and authorized to appropriate and spend the anticipated revenues 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. After Motion by Councilman Hatfield and Second by Councilman Mitchum, the vote on this resolution was as follows: Mayor Jack H. Hayman, Sr. ABSENT Councilman Danny K. Hatfield AYE Vice Mayor Louise A. Martin AYE Councilman Mike Hays AYE Councilman David L. Mitchum AYE 97-R-24 3 PASSED AND DULY ADOPTED this day of September, 1997. ATTEST: 97-R-24 CITY COUNCIL OF THE CITY O DGEWATVR, FLORIDA B/nJ..y: v�r-P�,,Wx- Louise A. Martin Vice Mayor APPROVED FOR FORM AND CORRECTNESS: r sta A. Storey City Attorney