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R07-101 " 1 RESOLUTION R07- 10' 2 3 A RESOLUTION OF THE CITY COMMISSION OF THE 4 CITY OF BOYNTON BEACH, FLORIDA, ADOPTING A 5 TENTATIVE BUDGET FOR THE FISCAL YEAR 6 BEGINNING OCTOBER 1, 2007, AND ENDING 7 SEPTEMBER 30, 2008; PROVIDING FOR 8 SEVERABILITY, CONFLICTS, AND AN EFFECTIVE 9 DATE. 10 11 WHEREAS, a tentative budget has been prepared by the City Manager estimating 12 expenditures and revenues of the City for the ensuing year, with detailed information, 13 including revenues to be derived from sources other than ad valorem levy, and he has made 14 recommendations as to the amount necessary to be appropriated for the ensuing year; and 15 WHEREAS, the City Commission has met and considered the recommendations, the 16 suggested budget, and the proposed millage necessary to be levied to carry on the 17 government of the city for the ensuing year; 18 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 19 THE CITY OF BOYNTON BEACH, FLORIDA: 20 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as 21 being true and correct and are hereby made a specific part of this Resolution upon adoption 22 hereof. 23 Section 2. That the tentative budget of the City of Boynton Beach, Florida, for 24 the fiscal year beginning October 1, 2007 and ending September 30, 2008, a copy of which 25 is attached hereto, is hereby adopted and the appropriations set out therein are hereby made 26 to maintain and carry on the government of the City of Boynton Beach, Florida. There is 27 hereby appropriated the sum of $74,469,095.00 to the General Fund for the payment of 28 operating expenses and necessary capital outlays for the City Government pursuant to the 29 terms of the above budget. 30 Section 3. That there is hereby appropriated the sum of $225,1 71.00 to the 31 interest and sinking fund for the general debt service for the purpose of paying the interest, 32 principal and reserve due on the general obligation bonds of the City not subject to statutory S:\CA\RESO\Budget\2007-08 Budget\Reso Tent budget - Sept 2007 -.doc II exemptions and for redeeming such bonds as they mature. 2 Section 4. That there is hereby appropriated the sum of $31,437,703.00 to the 3 Capital Improvement Fund for the payment of capital outlays pursuant to the terms of the 4 above budget. 5 Section 5. That there is hereby appropriated the sum of $9,069.660.00 to the 6 Solid Waste Fund for the payment of operating expenses and necessary capital outlays. 7 Section 6. That there is hereby appropriated the sum of $2,972,522.00 to the 8 Golf Course Revenue Fund for operating expenses and necessary capital outlays. 9 Section 7. That there is hereby appropriated the sum of $5,905,035.00 to the 10 Fleet Maintenance Fund for the payment of operating expenses and necessary capital 11 outlays. 12 Section8. That there is hereby appropriated the sum of $1,676,000.00 to the 13 Local Option Gas Tax Fund for the payment of operating expenses and necessary capital 14 outlays. 15 Section 9. That there is hereby appropriated the sum of $28,440,090.00 to the 16 Water and Sewer Utility Fund for operating expenses and necessary capital outlay. 17 Section 10. That there is hereby appropriated the sum of $3,752,875.00 to the 18 Water and Sewer Utility Fund for the purpose of paying debt service due on the Water and 19 Sewer Revenue Bonds, the sum of $1,1 19,850.00 for renewal and replacement and 20 amortizationofits Revenue Bond discounts, for a total of$33,312,815.00. 21 Section 11. That there is hereby appropriated the sum of $296,316.00 to the 22 Warehouse Fund for the payment of operating expenses and necessary capital outlays. 23 Section 12. That there is hereby appropriated the sum of$410,500.00 to Cemetery 24 Fund for the payment of operating expenses and necessary capital outlays. 25 Section 13. That there is hereby appropriated the sum of $4,545,410.00 to the 26 interest and sinking fund for general debt service for the purpose of paying the interest, 27 principal and reserve due on the public service tax bonds of the City not subject to statutory 28 exemptions and for redeeming such bonds as they mature. 29 Section 14. That there is hereby appropriated the sum of $3,526,578.00 to the 30 Self-Insurance Fund for the payment of operating expenses. S:\CA\RESO\Budget\2007-08 Budget\Reso Tent budget - Sept 2007 -.doc II Section 15. That there is hereby appropriated the sum of $257,400.00 to the Mass 2 Transit Fund for the payment of operating expenses and necessary capital outlays. 3 Section 16. That there is hereby appropriated the sum of $727,150.00 to the 4 Recreation Program Revenue Fund for the payment of operating expenses and necessary 5 capital outlays. 6 Section 17. That there is hereby appropriated the sum of $404,253.00 to the 7 Community Improvements Fund for the payment of operating expenses and necessary 8 capital outlays. 9 Section 18. That there is hereby appropriated the sum of $13,102,106.00 to the 10 Fire Assessment Fund for the payment of operating expenses and necessary capital outlays. 11 Section 19. That there is hereby appropriated the sum of $212,500.00 to the 12 Public Arts Fund for the payment of operating expenses and necessary capital outlays. 13 A copy of the tentative budget summary shall be published in one issue of a newspaper 14 published in Palm Beach County and at the same time the public will be notified of a public 15 hearing to be held on the 18th day of September, 2007, at 6:30 P.M. for the purpose of 16 hearing objections or criticisms of the final budget and millage. This meeting is for the 17 purpose of setting a final tax levy and final budget. 18 Section 20. All delinquent taxes collected during the ensumg fiscal year as 19 proceeds from levies of operation millages of prior years are hereby specifically 20 appropriated for the use of the General Fund. 21 Section 21. If any clause, section or other part of this Resolution shall be held by 22 any court of competent jurisdiction to be unconstitutional or invalid, such unconstitutional 23 or invalid part shall be considered as eliminated and shall in no way affect the validity of the 24 remaining portions of this Resolution. 25 Section 22. All Resolutions or parts of Resolutions in conflict herewith are hereby 26 repealed to the extent of such conflict. 27 Section 23. This Resolution shall become effective immediately upon passage. S:\CA\RESO\Budget\2007-08 Budget\Reso Tent budget - Sept 2007 -.doc II II 2 PASSED AND ADOPTED this ~ day of September, 2007. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 /)tJ..- 'fn. et Prainito, City Clerk LIL Com~Jr - Mack MCc:f~Y_.__.,_ ~~~/oC) .. ....,.. /' .- ) r--'~_. --........-......-- ...." S:\CA\RESO\Budget\2007-08 Budget\Reso Tent budget - Sept 2007 -.doc