R95-142RESOLUTION R95-/~
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
ADOPTING A TENTATIVE BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1995,
AND ENDING SEPTEMBER 30, 1996; AND
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 CAPITAL IMPROVEMENT FUND; PUBLICITY
FUND; UTILITIES FUND; VEHICLE SERVICE
FUND; SANITATION FUND, LOCAL OPTION GAS
TAX FUND; WAREHOUSE FUND; COMMUNITY
REDEVELOPMENT FUND; SELF-INSURANCE FUND;
AND GOLF COURSE FUND; PROVIDING FOR
SEVERABILITY, CONFLICTS, AND AN EFFECTIVE
DATE.
WHEREAS, a tentative budget has been prepared by the City
Manager estimating expenditures and revenues of the City for the
ensuing year, with detailed information, including revenues to
be derived from sources other than ad valorem levy, and he has
made recommendatmons 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 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:
Section 1. That the tentative budget of the City of Boynton
Beach, Florida, for the fiscal year beginning October 1, 1995,
and ending September 30, 1996, 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.
There is hereby appropriated the sum of S31.889.175.00 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.
~_~ That there is hereby appropriated the sum of
$951.326.00 to the interest and sinking fund for the general
debt service for the purpose of paying the interest, principal
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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 3. That there is hereby appropriated the sum of
1521,200.00 to the Publicity Fund for the payment of operating
expenses pursuant to the terms of the above budget.
Section 4. That there is hereby appropriated the sum of
52,981,371.00 to the Capital Improvement Fund for the payment of
capital outlays pursuant to the terms of the above budget.
Section 5, That there is hereby appropriated the sum of
55,138,935,00 to the Sanitation Fund for the payment of
operating expenses and necessary capital outlays.
~ That there is hereby appropriated the sum of
Sl,604,161.00 to the Golf Course Revenue Fund for operating
expenses and necessary capital outlays.
Section 7. That there is hereby appropriated the sum of
5520,770.00 to the Boynton Beach Recreational Facilities Fund
for the purpose of paying Debt Service due on the Golf Course
Recreational Bonds, the sum of f~ for amortization of
its Revenue Bond discounts, for a total of 52,154,178.00
Dollars.
~ That there is hereby appropriated the sum of
52,627,413.00 to the Vehicle Service Fund for the payment of
operating expenses and necessary capital outlays.
Section 9. That there is hereby appropriated the sum of
51,105,000,00 to the Local Option Gas Tax Fund for the payment
of operating expenses and necessary capital outlays.
Section 10. That there is hereby appropriated the sum of
$13,022,374.00 to the Water and Sewer Utility Fund for operating
expenses and necessary capital outlay.
Section 11. That there is hereby appropriated the sum of
54,403,978.00 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 55,248,107.00 for the depreciation of
fixed assets, renewal and replacement and amortizanion of its
Revenue Bond discounts, for a total of ~22,674,459.00.
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Section 12. That there is hereby appropriated the sum of
$126.906..00 to the Warehouse Fund for the payment of operating
expenses and necessary capital outlays.
Section 15, That there is hereby appropriated the sum of
$649.623.00 to Community Redevelopment Agency/Community
Improvement Fund for the payment of operating expenses and
necessary capital outlays.
Section 14, That there is hereby appropriated the sum of
$2.532.650,00 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 15. That there is hereby appropriated the sum of
$1.973.666.00 to the Self-Insurance Fund for the payment of
operating expenses.
Section 16, That there is hereby appropriated the sum of
$244.825.00 to the Mass Transit Fund for the payment of
operating expenses and necessary capital outlays.
Section 17, That there is hereby appropriated the sum of
$436.431.00 to the Recreation Program Revenue Fund for the
payment of operating expenses and necessary capital outlays.
~. That there is hereby appropriated the sum of
$501.000,00 to the Stormwater Utility Fund for the payment of
operating expenses and necessary capital outlays.
Section 19, A copy of the tentative budget shall be
published in one issue of a newspaper published in Palm Beach
County and at the same time the public will be notified of a
public hearing to be held on the 19th day of September. 1995. at
7:00 P.M, for the purpose of hearing objections or criticisms of
the tentative budget and millage. This meeting ms for the
purpose of setting a final tax levy and final budget.
Section 20, Ail delinquent taxes collected during the
ensumng fiscal year as proceeds from levies of operation
millages of prior years are hereby specifically appropriated for
the use of the General Fund.
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Section 21. 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 22. All Resolutions or parts of Resolutions in
conflict herewith are hereby repealed to the extent of such
conflict.
Section 23. This Resolution
immediately upon passage.
PASSED AND ADOPTED this ~
ATTEST:
shall become effective
day of September, 1995.
CITY OF BOYNTON BEACH, FLORIDA
May~ -Pro T~m
~ommi ~on~ r
o~mmi s s i ~r
(Corporate Seal)
TentBud. Res
Rev. 9/1/95