R96-143RESOLUTION NO. R96-/x/..¢
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, ADOPTING A
FINAL BUDGET FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1996 AND ENDING SEPTEMBER 30,
1997; DETERMINING AND FIXING THE AMOUNTS
NECESSARY TO CARRY ON THE GOVERNMENT OF
THE CITY FOR THE ENSUING YEAR; DETERMINING
THE AMOUNT OF APPLICABLE FUNDS ON HAND;
ESTIMATING RECEIPTS FOR THE GENERAL FUND;
VOTED DEBT SERVICE FUNDS; CAPITAL
IMPROVEMENT FUND; PUBLICITY FUND; UTILITIES
FUND; VEHICLE SERVICE FUND; SANITATION
FUND;, LOCAL OPTION GAS TAX FUND;
WAREHOUSE FUND; CRA/COMMUNITY
IMPROVEMENT FUND; GOLF COURSE FUND;
PUBLIC SERVICE TAX BOND FUNDS; SELF-
INSURANCE FUND; MASS TRANSIT FUND; AND
RECREATION PROGRAM REVENUE FUND;
PROVIDING FOR SEVERABILITY, CONFLICTS, AND
AN EFFECTIVE DATE.
WHEREAS, a Final Budget has been prepared estimating expenditures and
revenues of the City of Boynton Beach, Florida, for the ensuing year, with detailed
information, including revenues to be derived from sources other than ad valorem
levy, and the administrative staff of the City has made recommendations as to the
amount necessary to be appropriated for the ensuing year; and
WHEREAS, the City Commission has met and considered the
recommendations, the suggested tentative budget, and the proposed millage
necessary to be levied to carry on the government of the City for the ensuing year;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The Final Budget of the City of Boynton Beach, Florida, for the
fiscal year beginning October 1, 1996 and ending September 30, 1997, is hereby
adopted and the appropriations set out therein are hereby made to maintain and
carry on the government of the City of Boynton Beach, Florida.
Section 2. That there is hereby appropriated the sum of $35,565,332.00
to the General Fund for the payment of operating expenses and necessary capital
outlays for the City Government pursuant to the terms of the above budget.
Section 3. That there is hereby appropriated the sum of $962,068.00 to
the interest and sinking fund for the general debt service for the purpose of paying
the interest, principal and reserve due on the general obligation bonds of the City
not subject to statutory exemptions and for redeeming such bonds as they mature.
Section 4. That there is hereby appropriated the sum of $23,200.00 to the
Publicity Fund for the payment of operating expenses pursuant to the terms of the
above budget.
Section 5. That there is hereby appropriated the sum of $4,713,731.00
to the Capital Improvement Fund for the payment of capital outlays pursuant to the
terms of the above budget.
'Section 6. That there is hereby appropriated the sum of $5,275,959.00
to the Sanitation Fund for the payment of operating expenses and necessary capital
outlays.
Section 7. That there is hereby appropriated the sum of $1,543,636.00 to
the Golf Course Revenue Fund for operating expenses and necessary capital
outlays.
Section 8. That there is hereby appropriated the sum of $522,822.00 to
the Boynton Beach Recreational Facilities Fund for the purpose of paying Debt
Service due on the Golf Course Recreational Bonds, the sum of $28,819.00 for the
depreciation of fixed assets and amortization of its Revenue Bond discounts, for a
total of $2,095,277.00 Dollars.
Section 9. That there is hereby appropriated the sum of $3,638,504.00 to
the Vehicle Service Fund for the payment of operating expenses and necessary
capital outlays.
Section 10. That there is hereby appropriated the sum of $1,510,000.00 to
the Local Option Gas Tax Fund for the payment of operating expenses and
necessary capital outlays.
Section 11. That there is hereby appropriated the sum of $14,457,693.00
to the Water and Sewer Utility Fund for operating expenses and necessary capital
outlay.
Section 12. That there is hereby appropriated the sum of $4,394,697.00 to
the Water and Sewer Utility Fund for the purpose of paying debt service due on the
Water and Sewer Revenue Bonds, the sum iof $5,362,225.00 for the depreciation
of fixed assets, renewal and replacement and amortization of its Revenue Bond
discounts, for a total of $24,214,615.00.
Section 13. That there is hereby appropriated the sum of $165,980.00 to
the Warehouse Fund for the payment of operating expenses and necessary capital
outlays.
Section 14. That there is hereby appropriated the sum of $688,469.00 to
the Community Redevelopment Agency/Community Improvement Fund for the
payment of operating expenses and necessary capital outlays.
Section 15. That there is hereby appropriated the sum of $2,538,667.00 to
the interest and sinking fund for general debt service for the purpose of paying the
interest, principal and reserve due on the public service tax bonds of the City not
subject to statutory exemptions and for redeeming such bonds as they mature.
Section 16 That there is hereby appropriated the sum of $2,018,364.00 to
the Self-Insurance Fund for the payment of operating expenses.
Section 17. That there is hereby appropriated the sum of $231,852.00 to
the Mass Transit Fund for the payment of operating expenses and necessary
capital outlays.
Section 18. That there is hereby appropriated the sum of $609,846.00 to
the Recreation Program Revenue Fund for the payment of operating expenses and
necessary capital outlays.
Section 19. All delinquent taxes collected during the ensuing fiscal year as
proceeds from levies of operation millages of prior years are hereby specifically
appropriated for the use of the General Fund.
Section 20. If any clause, section or other part of this Resolution shall be
held by any court of competent jurisdiction to be unconstitutional or invalid, such
unconstitutional or invalid part shall be considered as eliminated and shall in no
way affect the validity of the remaining portions of this Resolution.
Section 21. All Resolutions or parts of Resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
Section 22. This Resolution shall become effective immediately upon
passage.
PASSED AND ADOPTED this /2~' day of September, 1996.
CITY OF BOYNTON BEACH, FLORIDA
(~ommissioner
ATTEST:
Cc~mm~ssioner //~
C,,om"missioner
FINALBUD, RES
9/09/96