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O80-45'ORDINANCE NO. 80- ~" AN OP~INANCE OF THE CITY OF BOYNTON BEACH, FLORIDA, ADOPTING A FINAL BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1980 AND ENDING SEPTEMBER 30, 1981~ PROVIDING FOR AN EFFECTIVE DATE AND FOR OTHER PUP~OSES. WHEREAS, the City Charter of the City of Boynton Beach, Florida and the Laws of Florida require an appropriation ordinance be passed by the City Council of said municipality each year, adopting a budget showing revenue of the City from all sources and the estimated expenditures for the various purposes for the ensuing fiscal year; and WHEREAS, the City Council~of the City of Boynton Beach has complied with Florida Statutes 200.065; and WHEREAS, the accompanying ordinance stating the millage rate adopted by the City of Boynton Beach for the 1980 - 1981 fiscal year has been previously adopted. NOW, THEREFORE, be it ordained by the City Council of the City of Boynton Beach, Florida: Section 1. That the proposed budget for the ensuing fiscal year previously prepared by the City Manager, reviewed and amended by the City Council, and now filed in the City Hall, City of Boynton Beach, Florida, be and the same is hereby finalized and adopted for the fiscal year of said municipality beginning October 1, 1980 and ending September 30, 1981, pursuant to and in complian~ with the provisions of the City Charter of the City of Boynton Beach, Florida and the Laws of Florida, said budget being made a part hereof by reference. Section 2. That there is hereby 'appropriated the sum of $ 9~032,871 to the general fund for the payment of operat ing 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 $ 10,845 to the interest and sinking fund for general debt service for the purpose of paying the interest, principal and reserve due on the general obligation bonds of the City not subjecl to statutory exemptions and for redeeming such bonds as they mature Section 4. There is hereby appropriated the sum of $'3,628,~.??0 to the water and sewer utility fund for operat- ing expenses and necessary capital outlays. Section 5. That there is hereby appropriated the sum of $i 949,948 to the water and sewer utility fund for the purpose of paying interest due on the water and sewer revenue bonds, the sum of $ 615,882 for the depreciation of utiliti fixed assets and amortization of its revenue bond discounts and prepaid insurance, for a total of $ 1,565,830 Section 6. That there is hereby appropriated the sum of '$ 36,060 to the publicity and advertising fund for the ll payment of operating expenses pursuant to the terms of the above lbudget~ Section 7. That this Ordinance shall become effective from and after its passage in accordance with the City Charter of Boynton Beach, Florida in :~such case is made and provided. FIRST READING this ~ day of ~ , 1980. SECOND and FINAL P~ADING this ~ day of ~ CITY OF BOYNTO~BEACH, FLORIDA Mayor Wice mayor/ / / Council Member 1980. ATTEST: City (Corp. Seal) -2- CITY BOYNTON BEACH , ' ' ......... OffT~e of the City Manager October 22~ 1980 Far~ .D~vid L~ Reid, CAE, ASA~ CFA · Pa la Beach County Proper. ty Appra Room 214~ County Courthouse West Fal.~.- Beach, Florida 33401 Your October 22~ 1980 Telephone Request for A~d~usted Tax Millage Rate for t~e City of Bo!~lton Beach Dear fir o Re id: In response to your October 22~ 1980 telephone request for an adjusted tax millage rate f6~ Boynton Beach, a request that apparently resulte~ from a reaent Court's decision, I am.~e- sponding as follows~ extended aggregate %axable value of the 1980 ~a%~rn fo~ Boynt©n'~a ~as $451~824~138,-whi~h with the a~option of th_ i980~8i Boynton Bud~let, caused tI~,e millage to be 7 ~4 A letter from your office indicates a reduction in the rate of $57~659~139 and ad~.ed homestead exemptions as a resu'It of the Octobe~ 7th referendum for a new taxable value of $394,164~999 This additional homestead, exemption causes the adopted .tax millage to be adjus~ 'to 8.413 for the ~eneral Fund and .070 for the ?ublicity Fund for a total of .8,483_ as the rate to be compared to the adopted rate of 7.4. In addition there is a Civic Center Sinking Fund millage rate of .029. Mr. David L. Reid, CAE~ ASA, CFA Palm Beach County Property Appraise~ Room 214, County Courthouse West Palm Beach, Florida 33401 October 22, 1980 Page 2 Re: Your October 22~ 1980 Telephone Request for Adjusted.Tax Millage Rate for the City,of Boynton Beach Please let me know if %here is additional information that you require° Sincerely~ CITY OF BOY~_qTO~I BEACH Chene~ City Man~ge~