86-CCCC RESOLUTION No. 86--'~-
A RESOLUTION OF R}tE CITY OF BOYAYfON BEACH, FLORIDA, ADOPTING A
FINAL UTILITY BUDGET AND A FINAL BUDGET FOR O0MMUNITY REDEVELOP-
MENT AGENCY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1986 AND
tlkIDiNG SEPTMMBER 30, 1987; PROVIDING FOR AN EFFECTIVE DATE AND
FOR OTHER PURPOSES.
WHEREAS, the City Council of the City of Boynton Beach, Florida, hag
complied with Florida Statutes section 200.065.
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 pre
viously 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, 1986, and ending September 30, 1987, pursuant to and in
compliance with the provisions of the City Charter of the City of Boynton Beack,
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
$7,109,624.00 to the Water and Sewer Utility Fund for operating expenses and
necessary capital outlay.
Section 3. That there is hereby appropriated the sum of $954,178.00
to the Water and Sewer Utility Fund for the purpose of paying debt service due
on the Water and Sewer Revenue Bonds, the sum of $2,015.500.00 for the depre-
ciation of utilities, fixed assets and ~ortization of its Revenue Bond
discounts and prepaid insurance, for a total of $2,969,678.00.
Section 4. That there is hereby appropriated the sum of $147,022~0¢
to Cc~munity Redevelopment for the payment of operating expenses and necessary
capital outlays.
Section 5. That this Resolution shall take effect immediately upon
its passage.
ATTEST:
(Seal)
City Clerk