O78-34 ORDINANCE NO. 78-~
AW APPROPRIATIONS ORDINANCE OF TEE CITY OF
BOYNTON BEACH, FLORIDA, ADOPTING A BUDGET
FOR THE FisCAL yEAR BEGINNING OCTOBER 'l, 1978,
AND E~DING SEPTEMBER 30, 1979
WHEREAS, the city Charter of the city of Boyn~on Beach,
Florida, requires an appropriations ordinance 'be passed by the
City Council of said municipality each year, adopting a budget
sho~ing revenue Of the City from'all sources and the estimated
to the various purposes for the ensuing fiscal year:
NOW% THEREFORE, BE IT 0RDAIIqED BY THE CITY COUNCIL~OF
THE CITY OF BOYNTONBEACH, FLORIDA:
Section 1: That the proposed budget for the ensuing
fiscal year previously prepared by the city Manager now on file in
the City Hall of the City of Boynton Beach, Florida, be and the
same is hereby finalized and adopted for the fiscal year of said
municipality beginning October 1, 1978, and ending September 30,
1979, pursuant to and in compliance with the provisions of Section
28 and Section 84 of the City Charter of the city of Boynton
Beach, Florida, said budget being made a pmrt hereof by reference.
Section 2: That there is hereby appropriated the sum
of $6,746,154 to the General Fund for the payment of operating
expenses and necessary capital outlay for the City Government
pursuant to the terms of the above budget.
Section 3: That there is hereby appropriated the sum
of $11,255 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
subject to statutory exemptions and for redeeming such bonds as
they mature.
Section 4:
of $2,483,746 to the Water and Sewer Utility Fund
expenses and necessary capital outlay.
That there is hereby appropriated the sum
for operating
Page i of 2 Pages
Section 5: That there is hereby appropriated to the
Water and Sewer Utility Fund the sum of $822,755 for the purpose
of paying interest due on the Water and Sewer Revenue Bonds, the
su~ of $475,000 for depreciation of the utilities fixed assets
and amortization of its Revenue Bond Discounts and prepaid insur-
ance, amd the sum of $!85~000 for transfer to the General Fund
for a total of $1,482,755.
Section 6: That there is hereby appropriated the sum
of $36,560 ko the Publicity and Advertising Fund for the payment
of operating expenses pursuant to the terms of the above bud. get.
Section 7: That this Ordinance shall become effective
from and after its passage in accordance with the Charter of the
City of Boynton Beach, Florida, in such cases made and provided.
First reading this 15th day of August, 1978.
Second reading this ~--~ day of September, 1978
CITY OF BOYI~TON BEACE, FLORIDA
ATTEST:
City Clerk
Vic Mayor
////
~ounci lmember
Page 2 of 2 Pages